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SEC Chairman Atkins stated on October 1st that since the birth of Bitcoin in 2008, the rules have not kept pace and issued a proposal to revise custody rules for the Investment Advisor Act and the Investment Company Act: registered investment advisors and regulated funds can allow clients to self manage cryptocurrency assets under specific conditions, and state chartered trust companies can also serve as qualified custodians; The proposal will be open for public consultation for 60 days after being published in the Federal Register. (Source: BeInCrypto)