AGP Executive Report
Last update: 10 hours agoSEC Crypto Custody: The SEC proposed new custody rules for investment advisers and funds, including limited self-custody and allowing state trust companies as custodians, while also signaling more crypto proposals ahead. Regulatory Pushback: Community banks sued the OCC over expanded trust-charter authority for crypto firms, arguing it exceeds legal limits and weakens safeguards. Protocol Governance: Aave proposed creating an ownerless Cayman foundation to hold Aave protocol IP for the DAO, aiming to close a legal-ownership gap without giving the foundation voting or veto power. Cross-Chain Liquidity: THORChain opened a Zcash (ZEC) liquidity pool, with validator nodes now tracking Zcash and swaps expected as the next step. Cyber & Scams: Greek police uncovered an alleged $8M crypto pyramid scheme promising double-your-money in 50 days using AI trading claims; separately, BBB warned about impersonation scams that use real account details to trick victims. Security Incident: Bitget said it froze about $1.1M of the ~$388M hack and expects limited recovery, while withdrawals resumed. Crypto Policy Abroad: Albania approved draft laws tightening crypto rules and setting up an independent fiscal council.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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