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Crypto

SEC Tackles Digital Asset Custody With Nuanced Approach

Guavy AI Editorial Team
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CoinDesk's chief crypto counsel has provided insight into the next steps for the U.S. Securities and Exchange Commission (SEC) regarding digital asset custody.

According to the SEC's top crypto lawyer, the agency is focusing on developing regulations that will allow institutional investors to hold and trade cryptocurrencies safely and securely.

The counsel emphasized the importance of proper custody arrangements for institutions, stating that 'the path forward involves a more nuanced approach to custody.'

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