SEC Crypto Counsel Outlines Custody Path for Digital Assets

VERA Brief

AI-generated. Grounded in the article and its cited sources.

The U.S. Securities and Exchange Commission's chief crypto counsel is outlining a path for digital asset custody. The agency aims to foster greater acceptance of blockchain technology and digital assets by establishing clearer guidelines for firms.

Key facts

• The SEC is working to facilitate broader industry comfort with blockchain technology and crypto assets.
• The agency's efforts are focused on custody practices for digital assets.
• The SEC aims to establish clearer guidelines and frameworks for firms engaging with crypto asset custody.
• This initiative suggests a move towards integrating digital assets into traditional financial infrastructure under regulatory oversight.