Investment News – Two groups battle it out to create uniform national rule for fiduciaries to access digital assets
Separately, NetChoice, a trade association representing companies including AOL Corp., Lyft Inc. and PayPal Holdings, Inc., created the PEAC Act. The PEAC Act aims to let fiduciaries have access to digital service providers to view select contents of accounts. Fiduciaries would only see “outside of the envelope” communication, such as the company holding the account and time stamp, but not the contents within the emails, instant messages and accounts. The PEAC Act has the support of the Internet Coalition, an organization that represents technology companies including Amazon.com Inc., Google Inc. and Facebook Inc.