Bitcoin’s $113,000 case strengthens as US regulators push 9 crypto actions

The US Securities and Exchange Commission (SEC) proposed a custody framework on Oct. 1 that would let investment advisers and regulated funds hold crypto under rules written for it.It is the latest of nine agency actions since Aug. 18 that span most of an asset's life, from fundraising to safekeeping. Two came before the Senate rejected cloture on the CLARITY Act on Sept. 15, a 49-50 vote with 60 required, and seven came from Sept. 17 on.Their legal status runs from live exemptions to pre-rule White House review, and that status determines what a crypto business can use today.Raising money and defining the rules for cryptoThe SEC's Regulation Crypto Assets proposal, issued Aug. 18 before the vote, would create an offering regime for certain investment contracts involving crypto assets.It includes exemptions for up to $5 million over four years and $75 million in a 12-month period, plus a conditional safe harbor from the investment-contract definition. It is a proposal with comments due Oct. 20.On Sept. 25, SEC Corporation Finance staff published FAQs covering token functionality, decentralization, staking receipt tokens, marketing, continued network building, buybacks and secondary...