Acting Chairman of the U.S. SEC: Consider canceling or modifying investor asset protection proposals during Biden’s term, including cryptocurrencies

Odaily News Mark Uyeda, acting chairman of the U.S. Securities and Exchange Commission (SEC), said that it is considering adjusting the monthly reporting rules for mutual funds and ETFs’ portfolio holdings. It is considering canceling or modifying proposals put forward during Biden’s term regarding investor asset protection (including cryptocurrencies). It is reported that the relevant rules require registered investment advisors to keep cryptocurrencies with qualified custodians and require these custodians to comply with certain requirements. (The Block)