SEC proposes new crypto custody rules for investment advisers and funds

SEC proposes new crypto custody rules for investment advisers and funds

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

Securities and Exchange Commission is aiming to clarify how investment firms can handle and keep customer crypto assets in a new rule proposed Thursday.

The proposal “would provide a clear regulatory framework for the custody of crypto assets, giving investment advisers and funds a compliant pathway where none existed before — and replacing the grey of uncertainty created by custody rules crafted for a bygone era,” said SEC Chairman Paul Atkins in a statement.

The proposal would clarify what kinds of companies can properly hold crypto assets and how investment advisers and regulated funds need to keep records and make federal disclosures, among other new clarifications of industry practices and auditing requirements.

According to the 760-page proposal, the SEC will allow for self-custody by advisers seeking to hold their clients’ funds.

The agency said it was using the term “self-custody” in the sense that asset management firms use it, and not how crypto companies typically use the term.

It would require that an adviser has expertise in holding crypto assets, and that the adviser cannot find another qualified custodian.

The proposal also lays out certain security and control regulations, and requires advisers to reevaluate every quarter, an SEC official said, and would likely apply to a newly launched token that a custodian didn’t yet support.

Atkins said that existing custody rules “were designed to protect the assets of advisory clients and regulated funds from loss, theft, misuse, and misappropriation,” but they only consider “the custody and safekeeping only of traditional assets — an untenable situation in the 21st century.” The newly proposed rule, open for a 60-day public comment period, would also allow for self-custody of crypto assets “under certain circumstances” and permit the use of state-chartered trusts as custodians.

The latest move to advance a pro-crypto U.S.

Analiz: Piyasa hareketliliği devam ediyor.