On April 25, the SEC will host a roundtable focusing on cryptocurrency custody with prominent industry figures.
Discussion on Cryptocurrency Custody
The U.S. Securities and Exchange Commission (SEC) announced a roundtable event on April 25 to focus on cryptocurrency custody. Key stakeholders, including Acting Chair Mark Uyeda and Commissioner Hester Peirce, along with representatives from major crypto companies, will discuss custody through broker-dealers and investment advisors.
Impact on the Cryptocurrency Market
The discussions at the SEC may lead to clearer regulatory frameworks for cryptocurrency custody, influencing sector practices and compliance. The crypto market, including assets like Bitcoin and Ethereum, may see changes in asset handling protocols with the introduction of new standards.
Comment from Hester Peirce
Commissioner Hester Peirce emphasized the importance of shifting towards transparent regulatory frameworks that foster collaboration over punitive measures. She stated, "A clear spring sprint to crypto," indicating a strategic pivot in favor of more favorable approaches.
The SEC roundtable could significantly impact cryptocurrency custody standards, shaping new practices for financial institutions.
