SEC’s Proposed Rule Change Could Block Investment Advisers From Keeping Assets at Crypto Firms

The U.S. Securities and Exchange Commission (SEC) proposed a rule that would effectively require registered investment advisors (RIA) to go outside the crypto industry to store digital assets, according to its first formal policy push that leans heavily into the cryptocurrency sector. “The Hash” panel discusses the proposal and the potential repercussions amid increased regulatory action from the SEC.