Other cryptocurrency start - ups offering non - custodial services would soon be granted brokerage licences , according to a statement from the SEC and the Financial Industry Regulation Authority . The SEC said its requirements to have independent , third - party repositories for client assets still applied to companies offering wider services , including holding clients ' securities , amid security concerns surrounding the crypto industry .
US cryptocurrency start-ups offering non-custodial services could soon be granted brokerage licences, according to a statement from the SEC and the Financial Industry Regulatory Authority. The SEC said its requirements to have regulated, third-party repositories for client assets still applied to companies offering wider services, including holding customers' securities, amid security concerns surrounding the crypto industry.