The US SEC may discard or revise crypto custody rules from the Biden administration.
Former SEC chair Gensler made it mandatory for investment advisors to report their holdings at regular intervals for greater transparency.
The Trump administration in the US has already brought several changes in terms of crypto regulation and acceptance. To fulfill his promise to make the US a crypto capital, Trump has already taken several initiatives such as a crypto token reserve. The present SEC administration also plans to scrap previous crypto custody rules of the Biden administration.
As per a Reuters report, the US SEC acting chair Mark Uyeda stated that they are planning to develop changes to existing rules. At an investment conference in San Diego, Uyeda shared his remarks and addressed concerns raised over a broad scope of previous chair Gary Gensler’s proposal.
A recent rule mandates mutual and exchange-traded funds to report portfolio holdings at regular interval
We współpracy z: https://thenewscrypto.com/sec-chair-mark-uyeda-hits-at-possible-changes-to-crypto-custody-rules/
