Original sourceNews BitcoinAdditional: WEEX
Summary
The SEC has submitted the crypto custody rule amendment (RIN 3235-AN46) to the White House OIRA for review, marking the formal federal review stage. The unreleased proposal aims to clarify how investment advisors and funds custody crypto assets, with key focus on defining 'qualified custodian.' OIR…
Key points
- Tracking progress of US crypto custody regulations is crucial for institutional investors and regulated entities.
- This rule could determine whether institutions can adopt crypto assets at scale and impact the custody industry structure.
- Clarifying custody standards could boost institutional participation but also increase compliance costs.
Editorial note
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