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  • Claim
  • News event

Name

SEC Acting Chair Mark Uyeda stated that the crypto industry expressed concerns over proposed changes to the investment advisors custody rule—requiring advisers to hold crypto with qualified custodians—because regulators have previously discouraged banks from servicing crypto-related companies, potentially leaving the industry without proper custody solution

Types

Claim
News event

Event date

10:00pm, Friday, February 28, 2025

Quotes that support claims

SEC Acting Chair Mark Uyeda said commenters had significant concerns over a rule proposed in February 2023 that would require registered investment advisers to keep crypto with a qualified custodian and require those custodians to abide by certain requirements.

Referenced by

Summary

Crypto news

Data block