Tag: Qualified Custodian

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SEC proposes tougher rules as part of its crypto custody crackdown

The new proposals set forth by the Gensler-led SEC seek to “expand the scope” of rules set out by the 2009 Custody Rules. A five-member panel of the United States Securities Exchange Commission (SEC) has voted 4-1 in favor of a proposal that may make it more difficult for cryptocurrency firms to serve as digital…
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SEC to target crypto firms operating as ‘qualified custodians’ — Report

If a majority of the five-member SEC panel votes in favor of the draft proposal, it will proceed to the next stage, which will be reviewed by other members of the SEC. The United States Securities and Exchange Commission (SEC) is reportedly planning to propose new rule changes this week that could impact what services…
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