Ex-SEC counsel expects token classifications, custody guidance soon
Former SEC senior counsel Adrienne Gurley expects the SEC to prioritize guidance on token classifications and revisions to custody rules in the near term. With deadlines set by President Donald Trump for regulatory agencies to identify and provide recommendations concerning digital asset regulations, key dates include February 22 for identification and July 22 for a report to the president. Gurley believes clear guidance could enhance market confidence and foster innovation, potentially encouraging larger financial institutions to enter crypto custody services. Galaxy Digital executives predict that traditional banks will begin to offer crypto custody and trading services, which might lead to self-custodial neobanks. Additionally, banks could offer lending services backed by digital assets. While the SEC will continue to prioritize fraud investigations, it is likely to move away from pursuing crypto cases solely based on registration violations, particularly after recent legal challenges to the SEC's enforcement tactics.
Source 🔗