The SEC’s Custody Rule Would Be a Net Positive for Crypto

The SEC’s proposal that registered investment advisors be required to use an independent, regulated, qualified custodian is prudent and good for the digital asset industry. Qualified custodians, which have a fiduciary duty to clients, would hold client funds in segregated accounts. The custodian must also meet rigorous regulatory standards with audits to protect those funds.

Source: https://www.coindesk.com/consensus-magazine/2023/03/08/the-secs-custody-rule-would-be-a-net-positive-for-crypto/?utm_medium=referral&utm_source=rss&utm_campaign=headlines