[2025-03-18] The latest IT, economic, blockchain and coin news
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2025-03-18 | Curator: CryptoTerminal
SEC's Uyeda Signals Possible Revisions to Crypto Custody Rule
The U.S. Securities and Exchange Commission (SEC) may revise or abandon former chair Gary Gensler’s controversial proposal that would tighten crypto custody standards for investment advisers. Under Gensler’s two-year-old proposal, the SEC sought to expand federal custody rules to include assets like crypto, requiring investment advisers to hold client assets with qualified custodians, such as federal- or state-chartered banks. In his remarks at an investment conference in San Diego on Monday, ac...