The SEC chairman proposed to amend the digital asset custody framework, considering allowing hedge funds to self-custody encryption assets.

According to reports, SEC Chairman Gary Gensler stated on Monday local time that the current framework allowing brokers to act as digital asset accomplices may need to be abolished and replaced, and revealed that they are considering granting hedge funds the authority to self-custody encryption assets. Currently, only two firms in the United States have obtained “special purpose broker-dealer” licenses.

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