SEC Will Complicate the Work of Cryptocurrency Companies with Hedge Funds

According to a Bloomberg report, the change in regulations will reduce the ability of cryptocurrency firms to be considered "qualified custodians." 

The SEC will be limiting the opportunities for these companies to store client assets for fund managers, as reported by individuals familiar with the matter.

Unlike other controversial issues that are based on anonymous sources, this information appears to be credible.

Paxos highlights that the SEC will have a significant impact on the crypto industry, particularly in the area of fund storage which is a crucial aspect.

Let's wait for more information to come in, as sources are not always reliable. :D