Dec '25 • News
SEC to Brokers: "Fix your crypto security or else..."
Saw this yesterday and decided I had to share.
The SEC just told financial companies: if you're holding crypto for customers, you need to actually control it. No more passing it off to someone else.
They're saying you need direct access and the ability to move it. Basically: you need the keys. And if there's a security problem? You have to stop holding that crypto until it's fixed.
Why you should care:
You know that saying "not your keys, not your crypto"? The SEC just said the same thing to Wall Street firms.
These big companies now need written plans for stuff like:
- What happens if the blockchain splits
- What to do if there's an attack
- How to protect crypto if the company goes under
If billion-dollar firms need security plans... regular people probably should too.
This is just something to think about if all your crypto is sitting on Coinbase or RobinHood and you don't really understand what that means.
Does this change how you think about where you keep your crypto?
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SEC to Brokers: "Fix your crypto security or else..."
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