SEC Eases Crypto Fund Custody Rules

The US Securities and Exchange Commission (SEC) has taken steps to allow crypto funds to self-manage their assets. This move is seen as a significant development in the regulatory landscape for cryptocurrencies.

According to the SEC, this new policy aims to provide more flexibility to registered investment companies that invest in digital assets. The change will allow these companies to self-custody their assets, rather than relying on third-party custodians.

The SEC's decision is seen as a positive development for the crypto industry, which has long advocated for greater regulatory clarity and freedom. However, some experts caution that this move may also increase the risks associated with investing in cryptocurrencies.