The U.S. Securities and Exchange Commission (SEC) went too far when it proposed a new rule demanding investment firms safeguard all of their clients’ assets – including crypto – with approved custodians, according to an array of critics not often in alignment.
The securities regulator said the expanded requirement for how registered investment advisers keep customer assets…
This story from coindesk.com was posted on 2023-05-10 by @alpinec.