New SEC Rules Permit Banks to Control Customer Crypto Keys
Recent regulations from the SEC (U.S. securities regulator) allow major banks like Morgan Stanley and Goldman Sachs to manage client private keys, potentially changing custody expectations.
Summary
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Terms & Concepts
Private Keys: Unique cryptographic codes that grant access to and control over cryptocurrency holdings.
SEC (U.S. Securities and Exchange Commission): A U.S. federal agency overseeing securities markets and protecting investors.