Federal Reserve Governor Bauman says there is no need to adjust interest rates this year

The US Securities and Exchange Commission (SEC) has proposed new regulations to clarify the requirements for investment advisors and regulated funds to hold and safeguard clients' encrypted assets, and to standardize record keeping, federal disclosure, industry operations, and audit requirements. SEC Chairman Paul Atkins stated that the current custody rules mainly target traditional assets, while the new regulations provide a regulatory framework for cryptocurrency custody. The proposal is open for public review for 60 days and intends to allow self custody of encrypted assets and the use of state licensed trust institutions as custodians under specific conditions.

The regulator issued a proposed rule for custody, marking a swan song for its inaugural Crypto Task Force chief, Commissioner Hester Peirce, who exits this week.

The US Securities and Exchange Commission (SEC) proposes to develop a new cryptocurrency custody framework for investment advisors and regulated funds. （Watcher.Guru）

Federal Reserve Governor Bauman stated that there is no need for further interest rate adjustments this year.

The total amount of loans processed by the Aave protocol has exceeded $1.1 trillion, setting a new historical high.