U.S. SEC Outlines Crypto Custody Rules in New Proposal Advancing Digital Assets Agenda
Key Highlights: The SEC has proposed a rule to clarify how investment firms can custody and retain customer crypto assets. The proposal would establish requirements for crypto custody, recordkeeping, disclosures, industry practices, and audits. The 60-day public comment proposal would allow self-custody under certain circumstances and permit state-chartered trusts to act as custodians. SEC Proposes ...