According to Grewal, the proposal is just the first step in a long process that requires the SEC to collect public views before considering the next steps
to a recent proposal by the Securities and Exchange Commission that is related to cryptocurrency custody.
Grewal indicated that the proposal was just the beginning of what appears to be a long journey."This is not a final action — it’s just the first step in a long process that requires the SEC to collect public views before considering next steps," he wrote.
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