SEC Chairman Implies Crypto Exchanges May Not Be 'Qualified Custodians' As New Rule Drafted
Gary Gensler Praises SEC Investor Advisory Committee's Proposed Rule on Protecting Advisory Client Assets, But think crypto companies may not be up to the task.
![The SEC Chairman implies that crypto exchanges may not be ' qualified custodians when writing a new rule](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2023-03/df69bf1a-1172-4a7b-be6b-16b7afb044e1.jpg)
![SEC Chairman Implies Crypto Exchanges May Not Be 'Qualified Custodians' As New Rule Drafted](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvZGY2OWJmMWEtMTE3Mi00YTdiLWJlNmItMTZiN2FmYjA0NGUxLmpwZw==.jpg?#)
Gary Gensler Praises SEC Investor Advisory Committee's Proposed Rule on Protecting Advisory Client Assets, But think crypto companies may not be up to the task.
![The SEC Chairman implies that crypto exchanges may not be ' qualified custodians when writing a new rule](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2023-03/df69bf1a-1172-4a7b-be6b-16b7afb044e1.jpg)
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