Washington’s Big Crypto Bill Is Stuck. The SEC Is Pushing Ahead Anyway
The SEC has proposed new rules that would make it easier for investment advisers and regulated funds to hold cryptocurrencies on behalf of clients.
TL;DR
- The SEC has proposed new rules regarding cryptocurrency holdings.
- These rules aim to make it easier for investment advisers to hold crypto.
- Regulated funds will also find it simpler to hold cryptocurrencies for clients.
- The proposal focuses on facilitating crypto custody on behalf of clients.