The Defiant 4d ago
SEC Sends Revised Crypto Custody Regulations for White House Review
The SEC's updated digital asset custody framework has advanced to the White House review stage.
The U.S. Securities and Exchange Commission has submitted a revised digital asset custody rule to the White House for formal administrative review following the withdrawal of an earlier proposal.
The regulatory framework seeks to establish clear standards for registered investment advisers and investment companies managing digital assets. It aims to modernize existing safeguarding practices to better reflect the operational realities of blockchain networks.
If approved, the rule could provide institutional market participants with long-awaited regulatory clarity, facilitating compliant custody solutions across the broader asset management sector.
Key takeaways
- The SEC has advanced its updated crypto custody proposal to the White House.
- The rule establishes safeguarding standards for advisers and investment funds.
- Clearer custody guidelines could accelerate institutional crypto integration.