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1/ Today, Blockchain Association filed a comment letter to the SEC’s proposed custody rule. With recommendations, we explain how the rule would drastically curtail investment in digital assets and why finalizing the rule in its current form would be unlawful.🧵 tinyurl.com/y6ph28ts

2/ What does the proposed rule do? Broadly speaking, the rule governs how a registered investment adviser (e.g., a VC) must custody client assets. The rule contains burdensome requirements for both qualified custodians and advisers that vastly depart from current practices.

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Ripple v. SEC Case Update: The Latest Developments as of June 27th cryptopotato.com/ripple-v-sec-c…

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