The U.S. SEC has voted to approve a proposal to tighten cryptocurrency custody requirements

ChainCatcher news, according to the WSJ report, the U.S. Securities and Exchange Commission voted 4 to 1 to approve a proposal that will expand the types of assets that investment advisers, such as hedge funds and pension funds, must hold with qualified custodians.

The proposal will also introduce new requirements for qualified custodians and notes that certain characteristics of cryptocurrencies may make it difficult to comply with the rules, and will limit the ways asset management companies handle client crypto assets, but will not impose new requirements on individual investors managing their own portfolios. (source link)