SEC Proposes New Crypto Custody Rules to Expand Investor Choice

SEC Proposes New Crypto Custody Rules to Expand Investor Choice

On October 1, the US Securities and Exchange Commission (SEC) issued a comprehensive regulatory proposal modernizing crypto custody. Its aim is to remove regulatory hurdles while providing transparent and compliant ways for registered investment advisers (RIAs) and regulated funds to provide crypto advisory and custodial services. Details of the SEC proposal on crypto custodianship  Notably,…

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BTCS Prepares DeFi Business To Provide Liquidity For Tokenized Stocks

BTCS Prepares DeFi Business To Provide Liquidity For Tokenized Stocks

TL;DR BTCS says its Imperium DeFi unit has completed preparatory compliance steps for potential use of the SEC’s Covered Firm exemption. The company has submitted the required notice and published relevant disclosures. Imperium has not yet started providing tokenized-equity liquidity because a qualifying Tokenized Securities Venue must first become operational. BTCS is positioning its DeFi…

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New York Sues Polymarket, Calling Prediction Market an Illegal Gambling Operation

Bitcoin Magazine New York Sues Polymarket, Calling Prediction Market an Illegal Gambling Operation New York Attorney General Letitia James and Governor Kathy Hochul on Thursday filed a lawsuit against crypto-based prediction market Polymarket, accusing the platform of running an unlicensed gambling operation in the state. An investigation by the Attorney General’s office concluded that these…

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