The U.S. Securities and Exchange Commission is moving closer to proposing new crypto custody rules as the regulator builds out its digital asset framework while congressional legislation remains uncertain. The SEC has sent a custody proposal covering investment advisers and broker-dealers to the White House Office of Management and Budget for review. The initiative is designed to clarify how traditional financial firms can hold both crypto securities and non-security digital assets. Taylor Lindman, chief counsel of the SECs Crypto Task Force, said Tuesday that the agency wants broker-dealers… Read more
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