The SEC will host a roundtable on April 25 to discuss key considerations for cryptocurrency custody, involving notable industry leaders.
This event is pivotal for establishing clearer regulatory frameworks in crypto custody, affecting institutional practices and compliance.
The U.S. Securities and Exchange Commission (SEC) announced a roundtable event on April 25 to focus on cryptocurrency custody. Key figures include Acting Chair Mark Uyeda and Commissioner Hester Peirce, along with representatives from major crypto companies.
The event will address custody through broker-dealers and investment advisors. Discussions aim to clarify standards impacting both crypto exchanges and regulated custodians, possibly influencing how assets like BTC, ETH, and USDC are handled.
Hester Peirce highlighted the shift towards transparent frameworks to encourage collaboration over punitive measures. No major statements from other participants have been reported, though anticipation among stakeholders is noteworthy.
Did you know? Historically, SEC engagements have led to greater clarity in crypto markets, reducing uncertainties for institutional players and encouraging safer custody practices.
Bitcoin (BTC) recorded a price of $85,049.36, with a market cap reaching 1.69 trillion as of April 17, 2025, reflecting a 0.72% increase over 24 hours. The 90-day movement marked a -18.78% shift, according to CoinMarketCap.
The Coincu research team anticipates that these discussions could reshape custody practices, prompting financial institutions to reassess asset-handling protocols and compliance measures in line with potential new guidelines.
Hester Peirce, SEC Commissioner, stated, "A clear spring sprint to crypto," signaling a strategic pivot from punitive enforcement to collaborative frameworks and transparency. SEC Press Release.
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