SEC Admits Regulation Has Lagged Bitcoin, Proposes New Custody Rules
Securities and Exchange Commission (SEC) Chairman Paul Atkins admitted today that federal securities rules have failed to keep pace with Bitcoin’s rapid growth since its launch in 2008. The agency responded with a new proposal designed to modernize how advisers and funds custody crypto assets. What Is the SEC’s New Crypto Custody Proposal? The proposal The post SEC Admits Regulation Has Lagged Bitcoin, Proposes New Custody Rules appeared first on BeInCrypto.
Key Takeaways
- Securities and Exchange Commission (SEC) Chairman Paul Atkins admitted today that federal securities rules have failed to keep pace with Bitcoin’s rapid growth since its launch in 2008.
- The agency responded with a new proposal designed to modernize how advisers and funds custody crypto assets.
- What Is the SEC’s New Crypto Custody Proposal?
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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