SEC Revisions to Digital Asset Custody Rules Move to White House Review
The SEC's rewritten custody framework for crypto assets has entered the final review phase at the White House.
The U.S. Securities and Exchange Commission has sent a revised custody rule framework to the White House for interagency review. The updated guidelines aim to establish clear compliance requirements for investment advisers and asset managers holding digital assets on behalf of clients.
The regulatory push follows the withdrawal of an earlier 2023 proposal that faced significant industry pushback over operational feasibility and institutional requirements. The new text seeks to provide clearer standards for qualified custodians while maintaining investor protection mandates.
Final implementation could lower legal uncertainty for institutional funds, potentially paving the way for broader asset manager involvement in crypto markets through regulated custodial infrastructure.
Key takeaways
- The SEC submitted its updated digital asset custody framework to the White House.
- The proposal targets registered investment advisers and asset management firms.
- Clearer custody rules could ease institutional entry into crypto assets.