U.S. SEC members urged regulators to establish clear compliance channels as soon as possible to provide clear guidance for crypto asset custody and trading

On April 27, SEC Commissioner and Head of the Crypto Asset Working Group Hester Peirce stated at the SEC's "Know Your Custodian" roundtable that the current U.S. crypto asset regulatory environment is like playing the "floor is lava" game in the dark, with registered institutions being forced to act cautiously under unclear rules and avoid direct contact with crypto assets. She pointed out that clear compliance channels should be established as soon as possible to provide clear guidance for crypto asset custody and trading, in order to promote healthy market development. (Cointelegraph)