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US regulator proposes rules for crypto custody by advisers

Original: crypto

A Wall Street regulator has put forward new rules governing how investment advisers must hold customers' crypto assets. The proposal sets out custody requirements intended to protect client holdings of digital assets, a topic that has drawn scrutiny following exchange collapses and lost funds. The move is part of a broader push by US authorities to tighten oversight of the crypto industry and clarify how firms safeguard investors' tokens.

Why now: US regulators are actively tightening rules on crypto as the industry faces heightened scrutiny over custody and investor protection.

US Securities and Exchange Commissioninvestment adviserscrypto assets

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