Express

US SEC: Considering Comprehensive Reform of Rules for Crypto Brokers

Summary: According to sources, the US Securities and Exchange Commission (SEC) Chairman, Atkins, stated on Monday local time that the current framework allowing brokers to act as digital asset custodians may need to be abolished and replaced. He also revealed that they are considering granting hedge funds the authority to self-custody crypto assets. Currently, only two ...

According to sources, the US Securities and Exchange Commission (SEC) Chairman, Atkins, stated on Monday local time that the current framework allowing brokers to act as digital asset custodians may need to be abolished and replaced. He also revealed that they are considering granting hedge funds the authority to self-custody crypto assets. Currently, only two institutions in the US have obtained the 'special purpose broker-dealer' license.

Last Update:

Tags:
Link: US SEC: Considering Comprehensive Reform of Rules for Crypto Brokers [Copy]

Last: Analysis: Top 6 Meme Coins in Ethereum Ecosystem Have Higher Market Value Than Sum of Other L1 Chain Meme Coins

Next: US Treasury Secretary Yellen: Stablecoins can strengthen the dominance of the US dollar

Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 2 days ago

New All-Time High for BTC: Weekly Market Outlook & Strategy 3 days ago

Bitcoin Surges to New Highs, Momentum Points to Further Gains 7 days ago

Circle Intensifies Stablecoin Push with Key Exchange Partnerships 8 days ago

Trump's "Big and Beautiful" Bill Passes: Biden and Harris Criticize, Financial Expert O... 14 days ago