US SEC Solicits Feedback on Crypto Assets and Custody Rules

The United States Securities and Exchange Commission ( SEC ) is soliciting industry input as it potentially reconsiders existing custody rules in specific cases of digital asset trading and settlement.

The SEC launched its information gathering initiative in an open letter to Karen Barr, president and CEO of the Investment Adviser Association, on March 12. As Katherine Wu — director of business development at New York City-based crypto research firm Messari — has noted in her coverage of the SEC initiative, an example of DVP at work is the US DTC (Depository Trust Corporation) system.