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HomeCrypto NewsSEC Proposal Could Bar Investment Advisers From Keeping Assets at Crypto Firms

SEC Proposal Could Bar Investment Advisers From Keeping Assets at Crypto Firms

Right now, crypto trading and lending platforms routinely offer custody for crypto customers, but they’re not “qualified custodians” under this rule. An appropriate custodian under SEC’s regulations would generally mean a chartered bank or trust company, a broker-dealer registered with the SEC or a futures commission merchant registered with the Commodity Futures Trading Commission (CFTC).

www.coindesk.com

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