Analyzing SEC Commissioner's Crypto Comments
summary
Claim that the SEC needs to modernize custody rules for crypto and that advisers bear a fiduciary responsibility to understand the asset class, with current regulatory guidance described as mere stepping stones. Panel notes this could justify a cross‑agency framework rewrite but gives no timeline, cites repeated past promises that did not produce rule changes, and expresses skepticism about immediate enforcement or concrete rulemaking while urging measurable action rather than continued rhetoric.
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