SEC Issues Guidance Enabling Ripple, Coinbase, BitGo to Qualify as Custodians

The U.S. Securities and Exchange Commission (SEC) has issued a new guidance. This allows investment advisers to use state-chartered trust companies as qualified custodians for crypto assets. The move came through a no-action letter after a request from Simpson Thacher & Bartlett LLP. SEC Guidance Clears Path for Crypto Firms to Act as Custodians Under

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