SEC Talks Crypto Storage
The SEC shared a new guide on how to store crypto safely. It explains self custody and using custody services. The goal is to help everyday investors understand risks and choices.
The guide warns users to read custodian rules carefully. Some services lend assets or mix user funds together. It also compares hot wallets and cold wallets. Hot wallets face online risks. Cold wallets can lead to loss if keys are gone.
This move shows a softer tone from the SEC. Many in crypto see it as progress. The timing also matters as the SEC approved tokenization plans for major financial assets. Trad finance and blockchain are moving closer.
Know your wallet
Control your keys
Learn before you store
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