US SEC's crypto guidelines push up costs for lenders, disrupting projects

While the guidance applies to all public companies, it is especially problematic for banks because their strict capital rules, overseen by bank regulators, require them to hold cash against balance sheet liabilities. The SEC did not consult the banking regulators when issuing the guidance, according to four of the people.

from Tech-Economic Times https://ift.tt/mwxG6U5