Proposed SEC Custody Rules Deemed ‘War on Crypto’ By Proponents

Proposed SEC Custody Rules Deemed ‘War on Crypto’ By Proponents

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In February 2023, the SEC proposed rules regarding the custody of digital assets.
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The comment deadline ended on May 8, 2023, receiving heavy backlash from crypto proponents.
The United States Securities & Exchange Commission proposed a plan in February 2023 regarding the custody of digital assets. It was kept open for comments till May 8, 2023. The SEC proposal received opposition from the Blockchain Association and “a16z,” criticizing the proposed amendments in custody rules.  
The U.S. SEC Proposal Faces Criticism
On May 8, 2023, the deadline for commenting on the proposal ended, and the Blockchain Association, the crypto …
 

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