CRYPTO IN AMERICA · 2026-10-29 13:01 UTC

EXCLUSIVE: Crypto Vaults Put 90-Year-Old Securities Rules to the Test

Crypto Council for Innovation submitted a 238-page report to the SEC proposing how decades-old securities laws should apply to blockchain-based vaults that manage crypto assets through smart contracts. The report categorizes vaults by control level - from fully automated to operator-discretionary - and argues regulation should depend on how much human discretion operators retain over investor assets. CCI and members including Bitwise and Galaxy Digital propose the SEC follow its ETF playbook, granting case-by-case exemptions before potentially creating broader vault-specific rules.

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