The US Securities and Exchange Commission proposed new rules governing custody of crypto assets by investment funds and advisers under federal securities laws
According to CNA Business, the U.S. Securities and Exchange Commission proposed new rules to govern investment funds' and advisers' custody of crypto assets under federal securities laws. SEC Chair Paul Atkins said the new regulations would provide a clear regulatory framework and a compliant pathway where none existed before.
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Key facts
- 01The proposal aims to govern custody of crypto assets by investment funds and advisers under federal securities laws.
- 02The announcement was made from Washington, on Oct. 1.
- 03SEC Chair Paul Atkins commented that the regulations would provide a clear regulatory framework and a compliant pathway where none existed before.
- 04The agency issuing the proposal is the U.S. Securities and Exchange Commission (SEC).
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