The SEC has provided guidelines for promoting the growth of digital asset custodial wallet providers (DA custodians) by supporting them in maintaining appropriate costs. This initiative aims to increase alternatives for digital asset businesses seeking to store client assets with domestic DA custodians. Additionally, the SEC is working to enhance the digital token ecosystem by facilitating both primary market offerings and secondary market trading. To achieve this, the SEC is reducing the NC req...
12-month period: As ICO investors can run a risk of losing their entire investment, the SEC received a suggestion that an aggregate limit on the total amount each retail investor can invest in ICOs in
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prescribed. The proposal includes rectification period, restriction of business operations during rectification period and undertakings in case of failure to rectify. The proposed rules will provide more up-to