U.S. SEC Commissioner Uyeda calls for expansion of crypto custody solutions, recommends allowing state-chartered trusts to serve as qualified custodians

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MarsBit
04-26
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Mars Finance News, SEC Commissioner Mark T. Uyeda called for expanding crypto asset custody solutions at the cryptocurrency working group roundtable on April 25. He believes that properly safeguarding customer assets is a key protective measure under federal securities laws, and cryptocurrencies are no exception. He suggested allowing state-chartered trust companies to serve as qualified custodians and considering modifications to the "special purpose broker" system to promote market competition.

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