SEC Blasted on Custody Proposal by JPMorgan, Crypto Firms And a Fellow Agency

05/10 00:55

The U.S. Securities and Exchange Commission's (SEC) proposed rule requiring investment firms to safeguard all client assets, including cryptocurrency, with approved custodians has faced criticism from various industries. JPMorgan and the Small Business Administration have objected to the expanded requirement, arguing that it could threaten smaller investment advisers.
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