CoinVoice has recently learned that SEC Commissioner Mark T. Uyeda called for expanding Crypto Assets custody solutions at the cryptocurrency working group roundtable on April 25. He believes that proper custody of client assets is a key protective measure under federal securities law, and that Crypto Assets are no exception to this principle. He suggested allowing state-chartered trust companies to serve as qualified custodians and considering amendments to the "special purpose broker" framework to promote market competition.
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CoinVoice has recently learned that SEC Commissioner Mark T. Uyeda called for expanding Crypto Assets custody solutions at the cryptocurrency working group roundtable on April 25. He believes that proper custody of client assets is a key protective measure under federal securities law, and that Crypto Assets are no exception to this principle. He suggested allowing state-chartered trust companies to serve as qualified custodians and considering amendments to the "special purpose broker" framework to promote market competition.