Acting Chairman of the U.S. SEC: Consider canceling or modifying investor asset protection proposals during Biden’s term, including cryptocurrencies

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ODAILY
03-17
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Odaily reported that Mark Uyeda, the acting chairman of the U.S. Securities and Exchange Commission (SEC), stated that the agency is considering adjusting the rules for monthly reporting of portfolio holdings for mutual funds and ETFs. The SEC is considering withdrawing or modifying proposals related to investor asset protection (including cryptocurrencies) introduced during the Biden administration, which reportedly required registered investment advisers to custody cryptocurrencies with qualified custodians and imposed certain requirements on those custodians. ()

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