Atkins: SEC plans to revise custody rules to allow clients to self manage encrypted assets

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)