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SEC Proposal Could Bar Investment Advisers From Keeping Assets at Crypto Firms

As long as crypto platforms and lenders aren’t registered as exchanges or banks, they wouldn’t qualify as custodians in the latest SEC limits proposed for registered investment advisors.

SEC Chair Gary Gensler (Anna Moneymaker/Getty Images, modified by CoinDesk)
SEC Chair Gary Gensler (Anna Moneymaker/Getty Images, modified by CoinDesk)