SEC Reconsiders Crypto Custody Rule Under New Leadership
Acting SEC Chair Mark Uyeda is directing staff to reexamine the crypto custody rule proposed under the Biden administration.
The rule, initially pushed by Gary Gensler, would require investment advisers to store crypto assets with qualified custodians, raising concerns about limiting banking options for the sector.
This marks the second SEC policy review in a month under the Trump administration signaling a softer stance on crypto.
Acting SEC Chair Mark Uyeda is directing staff to reexamine the crypto custody rule proposed under the Biden administration.
The rule, initially pushed by Gary Gensler, would require investment advisers to store crypto assets with qualified custodians, raising concerns about limiting banking options for the sector.
This marks the second SEC policy review in a month under the Trump administration signaling a softer stance on crypto.