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The US Securities and Exchange Commission proposed new rules governing custody of crypto assets by investment funds and advisers under federal securities laws
economy2 h ago
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coda.news AI summary
- The proposal aims to govern custody of crypto assets by investment funds and advisers under federal securities laws.
- The announcement was made from Washington, on Oct. 1.
- SEC Chair Paul Atkins commented that the regulations would provide a clear regulatory framework and a compliant pathway where none existed before.
- The agency issuing the proposal is the U.S. Securities and Exchange Commission (SEC).
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