SEC Staff Call For Crypto Entities To Show Liability on Balance Sheet
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Entities, such as crypto exchanges and custodians, should include clear disclosure over how many digital assets they hold and what is done with them SEC Commissioner Hester Pierce said the staff…
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AI SummaryShowSEC’s new actions target crypto‑AI scams, underscoring regulators’ focus on online fraud exploiting false SEC credentials.Over $15 million siphoned from more than 2,000 retail investors highlights growing vulnerability in crypto‑AI investment markets.Cases follow August crackdown on fabricated Form ADV filings, signaling broader SEC scrutiny of deceptive adviser registrations. The U.S. Securities…
AI SummaryShowSEC proposes new custody framework allowing advisers and funds limited self‑custody of crypto assets.Chairman Paul Atkins advocates state‑chartered trust companies as additional custodians for regulated entities.Registered investment advisers and business development companies must meet new safeguarding and audit conditions under the proposal. The Securities and Exchange Commission (SEC) proposed…
Key Highlights SEC Crypto Task Force staff met with WisdomTree and Thorn Run Partners on August 12 to discuss crypto asset regulation. Discussions covered tokenized fund markets, wallet onboarding for tokenized funds, and SEC rulemaking and guidance for tokenized assets. The SEC scheduled an August 14 open meeting to consider…