The US Securities and Exchange Commission has proposed new rules to create a clearer framework for the custody of crypto assets by registered investment advisers and regulated funds. The proposals would allow digital assets to be held through state trust companies or self-custody arrangements under specific conditions. SEC Chairman Paul S. Atkins highlighted that existing rules, designed for traditional assets, do not adequately address the custody needs of newer crypto assets. The public comment period will remain open for 60 days before any final decision is made.
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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
