The Securities and Exchange Commission (SEC) has proposed a new rule requiring investment advisors to hold all crypto assets — even non-security crypto assets like bitcoin — with a qualified custodian. Not only will the rule require enhanced bookkeeping and reporting if it goes into effect, but it will centralize large quantities of crypto assets at large companies.

Listen to this article to learn how this might impact the safety of your crypto if a custodian goes bankrupt.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.