Bitwise, Galaxy, and Morpho back CCI’s new framework for U.S crypto vault regulations
Photo: AMBCrypto
The Crypto Council for Innovation (CCI) has proposed a new framework to bring crypto vaults under U.S securities laws. In a 238-page report that was published on 29th October, the CCI outlined how regulators can assess different vault structures under existing securities regulations. This includes the Securities Act of 1933, the Investment Company Act of 1940, and the Investment Advisers Act of 1940. 90-year-old securities rules tested For those unaware, crypto vaults are smart contracts that accept users' token deposits and deploy them into financial strategies such as lending, borrowing, and investments to generate returns.
Source: AMBCrypto
