The US SEC will issue guidelines for cryptocurrency custody services

Jinse Finance reported that the U.S. Securities and Exchange Commission (SEC) released an investor guidance announcement on Friday regarding crypto wallets and custody, outlining to the public the best practices and common risks associated with different forms of crypto asset storage. The SEC's announcement listed the pros and cons of various crypto custody methods, including a comparison between self-custody and third-party custody of digital assets. If investors choose third-party custody, they should understand the custodian's relevant policies, including whether the custodian will "re-pledge" the assets (profiting by lending out the assets), or whether the service provider will commingle client assets in a single pool rather than holding crypto assets separately in individual client accounts.