Regulation· ★★★★· bullish·

SEC Proposes New Custody Framework for Crypto Assets

  • —SEC proposed a new custody framework for crypto assets held by investment advisors
  • —SEC issued an innovation exemption for trading tokenized securities
  • —CFTC updated its no-action position for developers of passive software (Phantom, MetaMask)
  • —SEC and CFTC released updated FAQs on crypto asset activities
Why it matters: The SEC and CFTC's softened stance accelerates the integration of tokenized assets into traditional finance and reduces regulatory risk for the industry.
Source: Coinfomania
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