Published 16 days ago • loading... • Updated 14 days ago

SEC may scrap Biden-era crypto asset custody proposal, acting chief says

The U.S. Securities and Exchange Commission is considering changing or scrapping regulations proposed during the Biden administration regarding cryptocurrency custody requirements, according to Acting Chair Mark Uyeda.
Uyeda mentioned a potential extension for compliance deadlines for rules requiring more frequent reporting of mutual fund holdings, noting that public comments raised concerns.
The SEC extended compliance deadlines for the Names Rule to help funds properly implement amendments, with new dates set for June and December 2026.
Uyeda emphasized the need for regulations that are effective and cost-efficient while respecting statutory limits during his speech at an investment conference.

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SEC pushes back Names Rule compliance dates

Funds will now have an additional six months to comply with the rule requiring funds’ investment strategies to align with any advertised purposes, like ESG or sustainability.

15 days ago

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Denver Gazette

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SEC may scrap Biden-era crypto asset custody proposal, acting chief says

Wall Street's top regulator is considering changing or scrapping regulations proposed under the prior administration that would require investment advisors keeping custody of cryptocurrencies and other assets to meet stricter standards, the agency's interim chief said on Monday.Mark Uyeda, acting chair of the

16 days ago·Singapore

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Financial Planning

Acting SEC head remakes agency before Trump pick confirmed

Pending the confirmation of Trump-appointee Paul Atkins, acting chair Mark Uyeda is pushing back effective dates for pending rules and curtailinig crypto regulation.

14 days ago

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AMBCrypto

SEC’s Mark Uyeda wants ‘smoother regulatory course’ – Good news for crypto?

Uyeda and Peirce push back against broad crypto custody requirements, citing regulatory overreach concerns.

15 days ago

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TheNewsCrypto - Blockchain & Cryptocurreny News Media | Crypto Guide

SEC Chair Mark Uyeda Hints at Possible Changes to Crypto Custody Rules

The US SEC may discard or revise crypto custody rules from the Biden administration. Former SEC chair Gensler made it mandatory for investment advisors to report their holdings at regular intervals for greater transparency. The Trump administration in the US has already brought several changes in terms of crypto regulation and acceptance. To fulfill his promise to make the US a crypto capital, Trump has already taken several initiatives such a…

15 days ago

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Crypto-News.net

US SEC Acting Chair Uyeda Proposes Reexamination

The Acting Chair of the United States Securities and Exchange Commission, Mark T. Uyeda, has proposed reexamining the Crypto Custody rule initiated by the Gary Gensler-led Commission. Uyeda said commentators criticized the rule, which requires registered investment advisers to keep crypto with a qualified custodian and requires those custodians to abide by certain requirements. Speaking… The post US SEC Acting Chair Uyeda Proposes Reexamination…

15 days ago

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