According to Bloomberg, former SEC Chairman Arthur Levitt Jr. criticized SEC the recently released proposal for rules to retailize private markets and proposed strengthening requirements for fee, valuation, and return disclosures.
A Telegram message claims that the SEC may allow investment advisers and regulated funds to self-custody Bitcoin and other crypto assets under strict conditions, and provide state-chartered trust companies with a pathway to become qualified custodians. The rule is reportedly still at the proposal stage.
a16z and DeFi Education Fund propose establishing a safe harbor for eligible DEX; on the same day, a16z also recommended establishing a specialized registration regime for centralized crypto platforms.