The SEC's Vicious "Qualified Custodian" Trap
The Breakdown
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The SEC's Enforcement and its Impact on Crypto Custody Regulations
This chapter covers the SEC's settlement with Galois Capital, which incurred a $225,000 penalty for improper custody of crypto assets with an unqualified custodian. It also explores the broader implications of the settlement, particularly regarding the challenges faced by investment firms in ensuring compliance and investor protection in the crypto market.
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