SEC Issues New Guide On Crypto Asset Custody
In a new Investor Bulletin, the agency’s education office lays out the basics of crypto custody and offers a checklist of questions for anyone deciding where to keep digital assets.
The message is simple. What you choose for storage can matter as much as what you choose to buy.
Keys, Wallets and Staying Online or Offline
The SEC starts with first principles. A crypto asset is any token or coin that lives on a blockchain, and what really proves ownership is not the token itself but the private key attached to it. That key is a long code, like a master password, that lets you send or spend funds. Lose it, and there is no reset button. Alongside it sits a public key, which works more like an email address that…
