The crypto industry has been rattled by the uptick in SEC enforcement actions since the beginning of the year.
Based upon how crypto platforms generally operate, investment advisers cannot rely on them as qualified custodians.
The SEC is considering rule changes that would make it harder for crypto firms to be "qualified custodians."
Goldman Sachs, JPMorgan and Wells Fargo are among the companies owed money by FTX.
If courts rule Ripple a security, the SEC gains oversight of a growing portion of the digital assets industry.
The SEC is moving toward a major overhaul of Wall Street stock trading.
The regulators said they support initiatives from the SEC and other agencies to address possible risks from investment firms.
The implosion of FTX placed new scrutiny on banks with crypto business.
Some recipients of the largesse are trying to get ahead of the issue by moving proactively to give away donations.
The Commodity Futures Trading Commission is pushing to be the overseer of the digital asset industry.
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