The regulator issued a proposed rule for custody, marking a swan song for its inaugural Crypto Task Force chief, Commissioner Hester Peirce, who exits this week. The U.S. Securities and Exchange Commission proposed its crypto custody rule on Thursday, adding another major piece to the agency’s digital asset agenda. The custody rule would provide clarity for what firms can hold the crypto asset of investment firms’ clients, but it also seeks to open a self-custody ability. The U.S. Securities an…
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