Wall Street regulator proposes rules on investment adviser crypto asset custody
The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly
WASHINGTON, Oct 1 : The US Securities and Exchange Commission on Thursday proposed new rules it said would help govern investment funds' custody of crypto assets under federal securities laws, according to a statement.
SEC Chair Paul Atkins said in a statement the new regulations "would provide a clear regulatory framework for the custody of crypto assets, giving investment advisers and funds a compliant pathway where none existed before."
Source: Reuters
