SEC Proposes New Crypto Custody Rules to Unlock Multi-Trillion Dollar Market Access

2 hours ago 4

Rommie Analytics

Key Takeaways:

  • The SEC put forth a new plan for crypto asset custody of advisers and funds.
  • More flexibility may be warranted under the rules via qualified custodians, state trust companies, and limited self-custody options.
  • The proposal is for a modernization of the outdated custody rules, which affect the booming digital asset sector.