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SEC Chair Gensler Casts Doubt on Crypto Exchanges' Ability to Meet "Qualified Custodian" Standards – Here's Why

Crypto exchanges likely do not meet the requirements expected of a qualified custodian, Securities and Exchange Commission (SEC) chair Gary Gensler has said. Gensler said the fact that exchanges cannot be considered cust...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

SEC Chair Gensler Casts Doubt on Crypto Exchanges' Ability to Meet "Qualified Custodian" Standards – Here's Why
Crypto exchanges likely do not meet the requirements expected of a qualified custodian, Securities and Exchange Commission (SEC) chair Gary Gensler has said.
Gensler said the fact that exchanges cannot be considered custodians in the legal sense has become clearer as more information has emerged about how these companies operate. He also stressed that this fact doesn’t change even though an exchange or crypto trading platform may refer to itself as a custodian....
Read More: SEC Chair Gensler Casts Doubt on Crypto Exchanges' Ability to Meet "Qualified Custodian" Standards – Here's Why

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