SEC resurrecting U.S. crypto custody rule the previous administration failed to land

Crypto Insight Summary: In 2023, the regulator tried to narrowly restrict the places investment advisers could park clients' crypto assets, but the new approach is still shrouded in secrecy. Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Increased regulatory scrutiny on crypto custody may deter institutional adoption.