SEC Proposes Rules for Crypto Holdings in Investment Funds

The Securities and Exchange Commission (SEC) has proposed new rules to clarify how investment advisers and funds can hold cryptocurrency assets.

The proposals aim to provide guidance on the types of crypto assets that can be held by registered investment companies, including mutual funds and exchange-traded funds (ETFs).

The SEC's proposal is open for public comment until February 16, 2024. This move follows previous attempts to establish a framework for cryptocurrency investments in the financial sector.