Regulatory pushes revive Trump's crypto plan
The U.S. Securities and Exchange Commission has submitted a new proposal to the White House to regulate the custody rules for cryptocurrency assets held by investment advisors and investment firms. The proposal aims to clarify the framework for the safekeeping of clients' digital assets, address company inquiries about compliance with custody regulations, and eliminate some outdated requirements that no longer align with market developments. The agency is awaiting the White House's review of the proposal, which includes a committee vote on it and public comments before its final approval.
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