CoinTelegraph
SEC Chair Paul Atkins says proposed crypto custody rules would give investment advisers and funds a clear path to hold crypto legally. He also signaled that more regulatory proposals are on the horizon.
Why it matters
A clearer custody framework would address a central compliance question for firms seeking to hold crypto on behalf of investors. Atkins framed the proposal as a path for advisers and funds, rather than a change limited to individual investors.
Market impact
The proposal points toward greater regulatory clarity for institutional crypto custody, but it remains a proposal. The next developments to watch are the custody rules themselves and the additional proposals Atkins flagged.
Frequently asked questions
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Who would get a clearer crypto custody path under the proposed rules?
SEC Chair Paul Atkins says the proposed rules would give investment advisers and funds a clear path to hold crypto legally.
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Are the crypto custody rules already in effect?
No. Atkins described them as proposed rules, not rules already in effect.
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Why does the custody proposal matter to institutional firms?
It would provide a clearer legal framework for investment advisers and funds seeking to hold crypto on behalf of investors.
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What else did Atkins signal about crypto regulation?
He said more regulatory proposals are on the horizon.
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What is the next development to watch?
The details of the proposed custody rules and the additional regulatory proposals Atkins flagged.
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