SEC Revives Crypto Custody Rule That Stalled Under Previous Administration

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The U.S. Securities and Exchange Commission is working to revive a crypto custody rule that failed to pass under the previous administration. The original 2023 proposal sought to limit where investment advisers could hold clients' crypto assets. The new regulatory effort is still in early stages and details of the updated approach have not been made public. It remains unclear how the revised rule will differ from the earlier, narrowly scoped attempt.

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