SEC DROPS BOMBSHELL GUIDANCE ON CRYPTO
SEC staff just released a critical roadmap for crypto firms. This changes everything for broker-dealers and trading platforms. Existing federal laws now offer clarity on digital asset custody. This is not a drill. The "safe harbor" for custody is now clarified. Brokers can still hold crypto, but risk must be accounted for. SIPC protection is NOT guaranteed for unregistered crypto securities. Investors beware. Crucially, the SEC confirms "pairs trading" with crypto securities and non-security assets is allowed on ATS and exchanges. Massive implications for liquidity and trading strategies. Act now to understand the impact.
Disclaimer: Not financial advice.