The U.S. SEC extends the deadline for changes to the daily reserve requirements for broker-dealers
It is worth noting that the rule applies only to custodial services for securities-type digital assets, and non-securities-type cryptocurrencies such as Bitcoin are not subject to it. In May 2025, the SEC withdrew its 2019 joint statement, allowing brokers to establish control over unregistered digital asset securities through qualified custodians (such as banks). This extension provides institutions with a buffer period to adjust their systems and test the daily calculation process.
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