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Crypto
SEC Chair Gary Gensler
Gensler signaled this year that the SEC should modernize its rules regulating fixed income markets. markets.

Evelyn Hockstein/Associated Press

  • The SEC's crypto crackdown has widened to fund managers, and could stop them holding such assets on behalf of clients.
  • Proposed rule changes would require crypto to be registered with state-certified banks or brokers.
  • It may make crypto harder to hold onto, as the asset could fail traditional compliance measures.

The Securities and Exchange Commission (SEC) has stepped up its crackdown on the crypto sector with a proposed rule change that could block investment advisors from holding cryptocurrencies on behalf of their clients.

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Markets, MI Exclusive, crypto, SEC, Gary Gensler, SEC Chairman Gary Gensler, Securities and Exchange Commission, US Securities and Exchange Commission, Cryptos, Coinbase, coinbase bitcoin, cryptocurrency, cryptocurrency bitcoin
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SEC steps up its crypto crackdown with proposed tough rules that could block in…