03.17.25

SEC May Scrap Crypto Asset Custody Proposal, Acting Chief Says

by: Douglas Gillison

The U.S. Securities and Exchange Commission (SEC) is considering changing or scrapping regulations proposed under the prior administration that would require investment advisors keeping custody of cryptocurrencies and other assets to meet stricter standards, Acting Chair Mark Uyeda said. The agency was also looking into possible changes to a recent rule that requires mutual and exchange-traded funds to report portfolio holdings on a monthly rather than a quarterly basis.

Read the full article on Reuters