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Your keys, your problem: SEC proposes a crypto custody framework for advisers and funds
The Securities and Exchange Commission has proposed new rules addressing how registered investment advisers and regulated funds may custody crypto assets under the federal securities laws. The proposal amends the custody rule under the Investment Advisers Act of 1940 and related provisions of the Investment Company Act, both written decades before a digital asset existed. Advisers and regulated funds, including business development companies, have operated without a compliant
Oct 43 min read
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