Advisers Act Rule pertains to regulations under the Investment Advisers Act of 1940. It governs the conduct of financial professionals who provide compensated investment advice. These regulations mandate registration, disclosure, and adherence to specific operational standards to safeguard investors. In the digital asset sector, its applicability depends on whether a crypto service qualifies as an investment adviser offering securities advice.
Context
The ongoing discussion surrounding the Advisers Act Rule in cryptocurrency centers on its jurisdiction over decentralized finance platforms and digital asset managers. Regulatory bodies are examining how traditional financial regulations apply to novel crypto offerings, particularly those that resemble investment products. Clarification on this rule’s reach will significantly influence how crypto investment services operate and report in the future.
The SEC's no-action relief allows registered investment advisers to treat state trust companies as "banks" for crypto custody, significantly de-risking institutional entry.
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