The U.S. SEC plans to relax relevant rules on investment companies holding crypto assets.

BlockBeats news, October 2nd, according to Bloomberg, the U.S. Securities and Exchange Commission (SEC) has proposed allowing more investment companies to hold digital assets on behalf of clients.

This is the agency's latest move to advance cryptocurrency regulation. Previously, a market structure bill supported by the crypto industry was blocked in the U.S. Senate last month. If ultimately passed, the proposal would eliminate some existing custody requirements.

The SEC will seek public comment on the proposal for 60 days, then formulate a final version based on feedback. The final rules still require approval by an SEC vote before taking effect.