The Defiant 4d ago
SEC Crypto Custody Rule Overhaul Moves to White House Review
The U.S. SEC has sent its revised digital asset custody framework for advisers and investment funds to the White House for formal review.
The U.S. Securities and Exchange Commission has submitted its revised custody framework for digital assets to the White House for interagency review, following the withdrawal of an earlier 2023 proposal.
The updated policy seeks to clarify compliance requirements for registered investment advisers and investment funds holding cryptocurrencies, aiming to establish clearer operational standards.
Market participants view the advancement as a potential step toward regulatory clarity, which could help institutions manage digital assets with greater legal certainty.
Key takeaways
- The SEC sent its revised crypto custody proposal for White House evaluation.
- The rule targets registered investment advisers and institutional fund managers.
- Clearer custody guidelines may reduce institutional compliance uncertainty.