A16z has submitted an open letter to the US Securities and Exchange Commission (SEC) calling for revisions to the rules for registered investment advisors (RIAs) in cryptocurrency custody. A16z proposes to allow RIAs to self custody encrypted assets, including security tokens, under specific conditions, and clarify that this behavior does not violate existing "custody rules" or their fiduciary obligations. A16z emphasizes that the current rules are no longer applicable to new types of encrypted assets with on chain governance rights and revenue attributes. A16z also suggests that the SEC should abandon rigid classifications such as "hot and cold wallets" and instead adopt a standardized regulatory framework based on "security, transparency, and independent verification". （Decrypt） https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=41096