The SEC's Custody Rule Would Be a Net Positive for Crypto

in February 2023 to expand the types of digital assets included in the so-called Custody Rule shows that regulators are moving quickly to take actions they perceive will safeguard the crypto industry.

Modern traditional finance segregates business lines such as trading, financing and custody and uses a robust system of checks and balances. It therefore makes sense for digital assets to follow that same framework, learning from the past mistakes of traditional finance. Even when looking at a small subsection of the history of traditional finance regulation, the advancement from the FTX crash to sensible rulemaking about crypto custody happened much more quickly.

BitGo mikebelshe 😂😂😂 ofc it would for bitgo. Self custody is the right way.

BitGo mikebelshe Pride before the fall? Seems the SEC is adamant about pushing everything crypto away from Americans. How much more bf the U.S. completely loses this opportunity? Crypto isn't dying. It will just *move* out!

BitGo mikebelshe One of the coolest things about iExec is its use of the blockchain to create a transparent and trustworthy platform for cloud computing. $RLC

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