On August 25, the Securities and Exchange Commission (SEC) sent a new proposal to the White House in connection with rules for investment advisers holding digital assets on behalf of clients. The SEC’s Division of Investment Management (Division) is considering recommending that the SEC propose amendments to the existing rules and/or propose new rules under the Investment Advisers Act of 1940 and the Investment Company Act of 1940 in an effort to improve and modernize regulations concerning the…
By: Lowenstein Sandler LLP
By: Lowenstein Sandler LLP
