Weekly Roundup 08/11/23 (PayPal's stablecoin, the Fed's oversight program, Ryan Salame emerges) (EP.443)
On The Brink with Castle Island
The State Trust Path to Becoming a Qualified Custodian
The SEC proposed changes to this custody rule under the Advisors Act of 1940. They have a set of questions here that asks for feedback on whether or not they should narrow the definition of qualified custodians, which would mean registered investment advisors wouldn't be able to hold their assets with those type of institutions. This is effectively writing a law and the SEC just doesn't have the ability to. My third one was DeFi. The SEC reopened the comment period for a pretty controversial update around the definition of an exchange under the Exchange Act of 1934. And so keep in mind, this is open source software. So what they're basically saying is that Uniswap and all of these Ethereum based
Remember Everything You Learn from Podcasts
