Yellen also addressed the U.S. Securities and Exchange Commission’s proposal to further restrict how investment firms custody their client’s assets, including their crypto holdings. The proposed rule, which is on the agency’s agenda to complete this year, would require a wider range of client assets to be held with “qualified custodians,” and it has drawn criticism from bankers, some lawmakers and even other regulators about its potential effects.
Sweeping ‘Bitcoin Rights’ Bill Becomes Law in Oklahoma
Oklahoma’s crypto bill gets ahead of any hypothetical future ban by making the right to self-custody crypto, in either a...