![The SEC has proposed regulations that would limit the crypto firms that can custody of customer assets Gary Gensler, Chairman of the SEC](https://qfinancialadvisors.com/wp-content/uploads/2023/02/Gary-Gensler-Chairman-of-the-SEC-600x400.jpg)
The SEC has proposed regulations that would limit the crypto firms that can custody of customer assets
By a 4-1 vote on Wednesday, the Securities and Exchange Commission approved sweeping changes to federal regulations that would require businesses to obtain or maintain registration in order to hold customer assets and broaden custody rules to include crypto assets. Any client assets in the custody of an investment advisor would be included in the…