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US Congressmen urge SEC to keep definition of ‘qualified custodian’ unchanged
By Monika Ghosh at 2026-05-09 16:00
Sentiment: Positive
Congressmen Michael Flood and Ritchie Torres wrote to SEC Chair Gary Gensler, urging him to keep custody rules unchanged. In February, the U.S. Securities and Exchange Commission (SEC) proposed specific changes to the Investment Advisors Act 1940. Currently, the definition of “qualified custodians” includes state-chartered banks, state-regulated trust companies, and Federally regulated banks and savings […] The post US Congressmen urge SEC to keep definition of ‘qualified custodian’ unchanged appeared first on CryptoSlate. Continue reading...
Categories: Politics
Tags: #Politics #Regulation
Source CryptoSlate