The SEC’s proposal that registered investment advisors be required to use an independent, regulated, qualified custodian is prudent and good for the d
The SEC’s proposal that registered investment advisors be required to use an independent, regulated, qualified custodian is prudent and good for the digital asset industry. Qualified custodians, which have a fiduciary duty to clients, would hold client funds in segregated accounts. The custodian must also meet rigorous regulatory standards with audits to protect those funds.
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