WASHINGTON, Oct 1 (Reuters) – 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 […]
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Wall Street regulator proposes rules on investment adviser crypto asset custody
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WASHINGTON, Oct 1 (Reuters) – 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.”
(Reporting by Douglas Gillison in Washington)