SEC Admits Regulation Has Lagged Bitcoin, Proposes New Custody Rules
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The SEC acknowledged that its regulatory framework has lagged developments in Bitcoin and proposed new custody rules aimed at strengthening safeguards for client assets. The proposal could expand oversight of firms holding crypto assets and raise compliance requirements for custodians. For Bitcoin, clearer custody standards may improve investor protections and institutional confidence, though the rules’ practical impact will depend on their final scope and implementation.
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