SEC Proposes Allowing Advisers and Funds to Self-Custody Crypto Assets
Key Highlights: The SEC is considering safeguards for advisers and funds that directly custody crypto assets. State trust companies could provide outside custody under initial and annual reviews. The proposal would also update audit, recordkeeping and disclosures for tokenized fund shares. SEC Proposal Targets Crypto Custody and Self-Custody Safeguards The Securities and Exchange Commission is ...