The U.S. Securities and Exchange Commission has moved its proposed crypto custody overhaul to the White House for review, marking another step toward clearer rules for investment advisers holding digital assets. The proposal, titled Amendments to the Custody Rules, reached the Office of Management and Budget (OMB) on August 25. The measure could reshape how registered investment advisers safeguard client cryptocurrencies and other assets. OMB records classify the proposal as economically significant, meaning it could have an annual economic impact of at least $100 million. It is also…
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