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      SEC Proposes Crypto Custody Framework with Major Changes to the Advisers Act Custody Rule

      On October 1, 2026, the U.S. Securities and Exchange Commission (the “SEC” or the “Commission”) proposed new rules and amendments under the Investment Advisers Act of 1940 (the “Advisers Act”) and the Investment Company Act of 1940 (the “Investment Company Act”). The proposal, styled “Adviser and Regulated Fund Custody Rules; Crypto Custody Rules” (the “Proposal”), is framed as a response to the challenges of crypto custody......
      By: King & Spalding

      Source: JD Supra
      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud