SEC considers removing two-year restriction connected to advisers’ political contributions

Crypto Insight Summary: The SEC’s Rule 206(4)-5, known as the “pay-to-play” rule, prohibits an investment adviser from getting paid by any governmental client for two years if the adviser or anyone covered by the rule has made a political contribution to any such official or candidate having the ability to influence the selection of the adviser. On September... Crypto Insight Analysis: Direction: Neutral Impact: No Impact Horizon: Short-term (1-3 days) Reasoning: SEC's potential rule change on political contributions doesn't directly affect crypto markets.