SEC proposes self-custody three years after proposing the opposite

Crypto Insight Summary: The Securities and Exchange Commission proposed rules on Thursday establishing a tailored framework for how registered investment advisers and regulated funds may custody crypto assets, according to the agency. Regulated funds here means registered investment companies and business development companies. This proposal is pursuant to the Investment Advisers Act of 1940 and the Investment Company... Crypto Insight Analysis: Direction: Bullish BTC / Bullish ETH Impact: Major Impact Horizon: Long-term (1 quarter-1 year) Reasoning: SEC's shift towards regulated self-custody signals institutional adoption, boosting confidence.