A De Facto Crypto Ban? Industry Rips SEC's New 'Custody Rule' For Fund Managers

Also, SEC official offers hints on where a key activist rule is heading

From the get-go, Crypto firms were wary of the SEC’s plan to tighten custody rules for fund managers – even though the policy isn’t specifically directed at them. Now as public comment letters come in on the proposal, some of the most prominent names in digital asset investing aren’t mincing words in arguing that the rule could cause big harm. The propo…