Yesterday, the SEC proposed new rules for crypto companies acting as qualified custodians for institutional funds. However, some crypto platforms, like Coinbase, have dismissed the news, claiming that their business models would not need to be changed much to comply with the proposed SEC regulations. Company An Example for Crypto Platforms Coinbase CLO Paul Grewal stated in an interview with Bloomberg that the company is not only already in compliance with the proposed changes to qualified custodian law but also serves as an example for other cryptocurrency platforms. Bloomberg reported that the new legal initiative would require cryptocurrency platforms to
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