SEC Crypto Custody Proposal Leaves DeFi Vaults in Limbo, Bitwise Counsel Says
- —Bitwise counsel flagged continued uncertainty for DeFi vaults under the SEC proposal
- —The SEC custody rules do not address the status of decentralized protocols
- —The SEC earlier proposed letting state trust companies serve as crypto custodians
Why it matters: Unclear custody rules could slow institutional inflows into DeFi and complicate compliance for protocols.
Source: Google News (crypto query)