Reported about 13 hours ago
The SEC's acting chair, Mark Uyeda, announced that the agency may revise or eliminate regulations from the previous administration concerning the custody of cryptocurrencies and other assets by investment advisors. Uyeda emphasized the need for cost-effective regulations that align with statutory authority, noting public concerns over the broad scope of previous proposals. He also mentioned potential changes to rules regarding portfolio reporting frequency for funds, as industry feedback raised issues about the implications of more frequent reporting.
Source: YAHOO