SEC chair implies crypto exchanges may not be ‘qualified custodians’ as new rule is drafted

Gary Gensler praises the SEC Investor Advisory Committee’s proposed rule on safeguarding advisory client assets but thinks crypto firms may not be up to snuff. Read more »

FCA’s incoming chair calls for further crypto regulation

The new chair of the UK’s FCA makes condemnatory comments about cryptocurrencies ahead of his tenure in 2023. Read more »

US President Biden announces pick for FDIC chair

Martin Gruenberg was the FDIC’s acting chair while the agency issued cease-and-desist orders to crypto firms and suggested that payment stablecoins merited further consideration. Read more »