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Market Cap:
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Cryptopolitan
2023-05-09 22:28:45

SEC’s proposed custody rule faces pushback from Coinbase, a16z, and Blockchain Association

SEC’s proposed custody rule faces pushback from Coinbase, a16z, and Blockchain Association

The SEC’s proposed custody rule change, which would allow the regulatory body to oversee all assets under adviser supervision, has faced opposition from Coinbase, Andreessen Horowitz (a16z), and the Blockchain Association. Each organization submitted a 20-page letter outlining concerns and potential issues with the proposal. Coinbase’s Stance Coinbase expressed in its letter that it would ... Read more

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