SEC chair implies crypto exchanges would possibly perhaps presumably perhaps also simply no longer be ‘licensed custodians’ as novel rule is drafted

SEC chair implies crypto exchanges might perchance no longer be ‘certified custodians’ as contemporary rule is drafted

United States Securities and Change Commission Chair Gary Gensler has again backed a proposed rule that would lengthen asset custody principles to more cryptocurrencies, announcing investors want more security.

The cost’s Investor Advisory Committee has proposed expanding 2009 rule designed to decrease the risk of advisers embarking on Ponzi schemes to all asset lessons, including crypto sources which are no longer funds or securities.

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