SEC Commissioner Urges Regulators to Establish Clear Compliance Path for Crypto Asset Custody and Trading

BlockBeats News, April 27, at the Securities and Exchange Commission (SEC) "Know Your Custodian" roundtable, SEC Commissioner and Crypto Asset Working Group leader Hester Peirce stated that the current U.S. crypto asset regulatory environment is like playing "the floor is lava" in the dark. Registered entities are forced to proceed cautiously under unclear rules to avoid direct contact with crypto assets. She pointed out that clear compliance pathways should be established as soon as possible to provide definitive guidance for crypto asset custody and trading, in order to promote a healthy market development. (Cointelegraph)

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