According to Decrypt, as reported by Foresight News, a16z is calling on the U.S. Securities and Exchange Commission (SEC) to update the crypto custody rules for registered investment advisors. In a formal letter submitted to the SEC's crypto working group, a16z stated that registered investment advisors should be able to directly hold crypto assets under specific conditions and within clearly defined safeguards. "The Commission should provide new guidance to facilitate crypto asset custody arrangements, even if only as an interim measure before the Commission issues new rules."
a16z calls on the SEC to update crypto custody rules for registered investment advisors
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