SEC Proposes Tailored Crypto Custody Rules for Advisers and Funds
- —The October 1 proposal covers how advisers and regulated funds safeguard digital assets
- —The rules are not final and do not yet authorize all fund structures
- —Managers still need controls, asset segregation, key-loss handling and valuation
- —A final regime could ease distribution of crypto strategies through funds
Why it matters: The final rules will determine which digital assets institutions can hold in regulated funds and at what operational cost.
Source: NewsBTC
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