๐บ๐ธ SEC CHAIR PAUL ATKINS PROPOSES THE FIRST U.S. #BITCOIN AND CRYPTO RULEBOOK WITHOUT CLARITY ๐
Atkins says the SEC's newly proposed crypto custody framework is just one part of a much broader push to modernize U.S. financial regulation.
His message:
โก๏ธ โOur work is not finished. More regulatory proposals are on the horizon.โ
The SEC's latest proposal would create a "crypto-specific" custody framework for investment advisers and regulated funds giving them a compliant pathway to custody crypto assets.
Atkins says the broader push has already included:
โ Crypto-specific custody rules proposed
โ Regulation Crypto Assets proposed
โ An Innovation Exemption introduced
โ Guidance on tokenized securities
โ An SEC interpretation addressing crypto assets and investment contracts
In other words ๐ The SEC isn't treating crypto as a temporary regulatory issue.
It is building a broader framework around an asset class Atkins says has grown from a niche market into a multi-trillion-dollar ...