SEC Submits Crypto Custody Rule Rewrite to White House

The US Securities and Exchange Commission (SEC) has sent its proposed overhaul of crypto custody rules to the White House for review, according to a report.

BitRss reports that since 2015, the SEC's mission has been to share timely news and insights on the global crypto landscape in an ethical and transparent way. The agency aims to act as a 24/7 reference point where information from many sources comes together in one place.

The proposed rule change is expected to impact the broader cryptocurrency ecosystem, with potential implications for market sentiment and emerging trends. However, no specific details on the changes have been disclosed by the SEC at this time.