SEC Chairman Proposes Amending Federal Custody Rules to Cover ‘All Crypto Assets’
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has proposed amending federal custody rules to cover “all crypto assets.” The SEC chief said: “Though some crypto trading and lending platforms may claim to custody investors’ crypto, that does not mean they are qualified custodians.”
Attorney Deaton Reiterates That Ripple and SEC Will Not Settle
In a tweet today, attorney Deaton made reference to a January 1 tweet where he noted that SEC chair Gary Gensler does not have a mindset of settling with the prominent blockchain company.
Gensler Opens New Regulatory Front for Crypto Firms: Custody
SEC Chair Gary Gensler signaled an escalation to his post-FTX crackdown on the crypto industry on Wednesday, saying that digital asset firms are in broad violation of current custodial rules meant to safeguard customers.
SEC Proposal Could Bar Investment Advisers From Keeping Assets at Crypto Firms
The U.S. Securities and Exchange Commission (SEC) is set to propose a rule that would effectively require registered investment advisers to go outside the crypto industry for storing digital assets, according to its first formal policy push that leans heavily into the cryptocurrency sector.
SEC To Vote on Rule That Would Tighten Crypto Custody Requirements
The Securities and Exchange Commission will vote on a rule that would raise requirements for how registered investment advisers custody assets — including crypto.
Cointime News Wrapup-Afternoon Version: SEC May Make it Harder for Hedge Funds to Work With Crypto Firms
SEC plans to propose rule changes that would make it difficult for cryptocurrency firms to hold digital assets on their client’s behalf as “qualified custodians,” Bloomberg reported Tuesday.
Digital Asset Industry Comes Under Fire at Hearing by U.S. Senate on ‘Crypto Crash’
The cryptocurrency industry came under criticism from U.S. lawmakers during a meeting of the Senate Committee on Banking, Housing, and Urban Affairs on Tuesday entitled “Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets.” “These crypto catastrophes have exposed what many of us already knew: Digital assets — cryptocurrencies, stablecoins, and investment tokens — are speculative products run by reckless companies that put Americans’ hard-earned money at risk,” he said. (forkast)
S. Korean Regulators toProbe Local Crypto Staking Services following U.S. Crackdown: News1
South Korea’s financial regulators are reportedly planning to review cryptocurrency staking services on local exchanges following recent crackdowns from the U.S. Securities and Exchange Commission (SEC). South Korean authorities told local media outlet News1 that crypto staking services have become scrutinized overseas, and local services will be examined. They did not disclose the timeline of their investigation. (forkast)
SEC May Make it Harder for Hedge Funds to Work With Crypto Firms: Bloomberg
The U.S. Securities and Exchange Commission (SEC) plans to propose rule changes that would make it difficult for cryptocurrency firms to hold digital assets on their client’s behalf as “qualified custodians,” Bloomberg reported Tuesday. The proposed rule change would make it more difficult for cryptocurrency firms to become “qualified custodians” to hold digital assets on behalf of clients. (forkast)
