On December 17, 2025, the Staff of the Division of Trading and Markets (the “Division”) of the U.S. Securities and Exchange Commission (“SEC”) issued a Statement explaining its views on the application of paragraph (b)(1) of SEC Rule 15c3-3 to broker-dealers seeking to establish custody of crypto asset securities. Rule 15c3‑3, commonly called the Customer Protection Rule, requires broker-dealers to maintain physical possession or control of all fully paid and excess margin securities held for customers. Historically,…
Latest Posts
- SEC Provides Guidance on the Custody of Crypto Asset Securities by Broker-Dealers
- Texas Becomes First State to Make Bitcoin Reserve Purchase
- CFTC Announcement Paves the Way for Spot Crypto Trading on U.S. Regulated Exchanges
- Australian Securities and Investments Commission Releases Key Updates to Digital Asset Guidance in INFO 225 and Issues No Action Letter
- The Canadian Federal Government 2025 Budget Proposes to Create a Legislative Regime Governing Fiat-backed Stablecoins
- CSA Issues Reminder on Crypto Lending Rules
- Department of Justice Seizes About $15 Billion in Bitcoin Relating to Pig Butchering Scheme
- Central EU Oversight of Crypto Under ESMA?
Recent
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