SEC proposes new crypto custody framework for investment advisers and funds — but shutdown halts processing – Link
On October 1, the SEC proposed a regulatory framework to let investment advisers and regulated funds custody crypto assets under existing rules. The government shutdown means the proposal cannot be formally reviewed or advanced until agency funding resumes.
On October 1, the SEC proposed a regulatory framework to let investment advisers and regulated funds custody crypto assets under existing rules. The government shutdown means the proposal cannot be formally reviewed or advanced until agency funding resumes.
Regulatory clarity is the direction, but implementation is stuck until the shutdown ends.