Here’s What Crypto Custody Is and How the SEC Wants to Change It

Here’s What Crypto Custody Is and How the SEC Wants to Change It

MarketsCurrenciesCryptocurrency

Wall Street’s regulator is proposing a rule that would affect how customers’ crypto assets are stored

Crypto imploded in 2022, as investors lost faith in digital assets and the industry was plagued with crisis. But unlike other collapses, it has largely avoided rippling into other markets. WSJ explains how crypto became so interconnected. Illustration: Mallory Brangan

By

Vicky Ge HuangFeb. 17, 2023 10:10 am ETThe Securities and Exchange Commission has proposed a rule that would affect how crypto assets are stored on behalf of customers, a practice known as custody.

Here’s what you need to know. 

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