The SEC released a crypto wallet and custody guide, detailing risks and benefits of self-custody versus third-party custody for digital assets. Different types of crypto wallets were explained, including hot wallets susceptible to hacking and cold wallets at risk of permanent loss. The SEC’s guide marks a shift in regulatory stance towards digital assets.

SEC Chair Paul Atkins mentioned the legacy financial system moving onchain, as the SEC approved the DTCC to tokenize financial assets like equities and ETFs. The crypto community praises the SEC for educating investors on custody best practices, viewing it as a positive transformation in the agency. The guide aims to provide value to prospective crypto holders by offering essential knowledge.

Read more at Cointelegraph: SEC Publishes Crypto Custody and Wallet Primer for Investing Public