The SEC has proposed a framework for crypto-asset custody by registered investment advisers, allowing self-custody or state-registered trust companies as custodians. Public comments accepted for 60 days post-publication. #Update #Legal $BTC $ETH
The SEC proposes allowing advisers and funds to self-custody crypto assets, introducing a new framework for investment advisers and regulated funds. #Update #Crypto $BTC
The U.S. Securities and Exchange Commission proposed a new rule clarifying crypto asset custody for investment firms, allowing self-custody under certain conditions and addressing outdated regulations. #Update #Crypto $BTC $ETH
President Trump is considering Jay Clayton for White House AI adviser, with a decision expected in 3-4 days. The role’s powers remain undefined amid plans for a federal AI Force. #Update #Crypto $BTC
SEC Chair Paul Atkins confirms the SEC will define onchain fundraising rules after the CLARITY Act failed in the Senate. Hester Peirce resigns Oct. 2, leaving two commissioners. #Update #Legal
@BTCS’s Imperium unit has completed compliance steps for SEC’s Covered Firm exemption but awaits a qualifying Tokenized Securities Venue to start liquidity provisioning. #Update #DeFi
Outgoing SEC Commissioner Hester Peirce advocates replacing data-heavy surveillance with zero-knowledge proofs, urging regulatory sandboxes for testing. #Update #Crypto
Hester Peirce resigns from the SEC to join academia, reducing pro-crypto leadership and leaving only two active commissioners. #Update #Crypto
The SEC clarifies that crypto promises of work linked to profits may classify token sales as securities, affecting $BTC and others. #Update #Legal
The SEC grants a five-year exemption for trading tokenized U.S. stocks on qualifying on-chain venues, with conditions on investor rights and smart contracts. #Update #Legal
CleanSpark has issued $2.276 billion in senior secured notes with a 7.875% coupon, funding data-center expansion at its Sandersville, Georgia campus. #Update #Crypto
SEC Chair Paul Atkins proposes crypto deregulation plan post-CLARITY Act failure, sparking legal challenge from ex-SEC official John Reed Stark over alleged congressional overreach. #Update #Legal
The SEC’s innovation exemption may pave the way for tokenized U.S. stock trading, benefiting platforms like @Robinhood and decentralized applications, with shares of Robinhood and Coinbase rising 2.8% and 5% respectively. #Update #Crypto $ETH $SOL
The SEC approved a temporary exemption for limited onchain trading of tokenized stocks, allowing automated market makers and liquidity pools under strict conditions to gather data for future regulations. #Update #Crypto
