U.S. Lawmakers Argue SEC Accounting Coverage Undermines Protected Crypto Custody


U.S. Rep. Patrick McHenry (R-N.C.), the chairman of the Space Monetary Services and products Committee, and Sen. Cynthia Lummis (R-Wyo.), who has authored crypto law, despatched a letter to a number of banking companies on Thursday asking how they’re coping with a arguable bulletin from the Securities and Alternate Fee that urged monetary establishments they must take care of consumers’ crypto holdings on their very own stability sheets.


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