SEC's Ongoing Position on Bank Crypto Custody Regulations
Monday, 9 September 2024, 23:22
SEC’s Unchanging Position on Bank Crypto Custody Rules
The SEC continues to maintain its strict stance on crypto custody regulations for banks. The agency's chief accountant reaffirmed that there has been no evolution in staff opinions about the rule that limits banks from handling crypto custody. As the crypto landscape evolves, the need for clear guidelines remains crucial for financial institutions to navigate safely.
Key Takeaways:
- The SEC's chief accountant states that agency views are stable.
- Ongoing discussions highlight the industry's demand for clear regulations.
- Financial institutions must adapt to secure crypto custody solutions effectively.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.