U.S. Rep. Patrick McHenry (R-N.C.), the chairman of the House Financial Services Committee, and Sen. Cynthia Lummis (R-Wyo.), who has authored crypto legislation, sent a letter to several banking agencies on Thursday asking how they’re dealing with a controversial bulletin from the Securities and Exchange Commission that advised financial institutions they should maintain customers’ crypto holdings on their own balance sheets.
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- Source: https://www.coindesk.com/policy/2023/03/02/us-lawmakers-argue-sec-accounting-policy-undermines-safe-crypto-custody/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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