News

The SEC is considering crypto recommendations for its custody rule

2022/03/04 01:10

The Securities and Exchange Commission is considering new recommendations on crypto for investment advisers and investment companies, according to The Block. William Birdthistle, Director of the Division of Investment Management, addressed the emergence of crypto in an address to the IAA Investment Adviser Compliance Conference. The division of investment management oversees rulemaking related to investment advisers. During his remarks, Birdthistle said he is considering ways to "bring order" to the crypto industry. "For investment advisers, I am cognizant of questions about how providing advice regarding crypto assets impacts compliance with the Act, particularly aspects of the custody rule," he said. The custody rule, also known as the Advisers Act, requires advisers to hold a client's securities with a designated qualified custodian.
bullishbullishbullish1bearishbearishbearish41Share
DisclaimerThe content above does not represent HTX's positions.HTX does not provide any trading recommendations.

Related Articles

  • Image

    Upcoming AML Regulations in Estonia to Affect Cryptocurrency Industry

  • Image

    Analysis of the progress of the Fed's digital dollar in the COVID-19 epidemic

  • Image

    Marshall Islands officially recognizes DAOs as legal entities

All Comments0LatestHot

LatestHot
noContent

No records

Related Articles

  • Image

    Upcoming AML Regulations in Estonia to Affect Cryptocurrency Industry

  • Image

    Analysis of the progress of the Fed's digital dollar in the COVID-19 epidemic

  • Image

    Marshall Islands officially recognizes DAOs as legal entities