Home / Business and Economy / SEC Unveils Crypto Custody Rules for Investment Funds
SEC Unveils Crypto Custody Rules for Investment Funds
2 Oct
Summary
- The SEC proposed new rules for crypto asset custody by investment funds.
- New regulations offer a clear framework for crypto asset custody.
- Investment advisors and funds now have a compliant pathway for crypto assets.
The U.S. Securities and Exchange Commission (SEC) announced on Thursday proposed new rules concerning the custody of crypto assets by investment funds. These regulations are intended to establish a clear framework within federal securities laws for how these digital assets are held.
SEC Chair Paul Atkins stated that the new rules will offer investment advisors and funds a compliant pathway for managing crypto assets. This initiative addresses a previous lack of defined regulatory guidance in this evolving area of finance.
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