SEC Sends Revised Crypto Custody Regulations to White House
The US Securities and Exchange Commission has forwarded an updated custody rule covering digital assets to the White House for final review.
The US Securities and Exchange Commission has submitted a revised custody framework to the White House for executive review. The updated guidelines aim to define custodial obligations for investment advisers and institutional asset managers handling digital assets.
This step follows the formal withdrawal of a contentious 2023 proposal, reflecting ongoing regulatory efforts to clarify institutional crypto holding standards. The rule intends to establish clearer compliance expectations for qualified custodians operating in the digital asset sector.
Clearer federal custody standards could facilitate greater institutional involvement by reducing compliance uncertainties for major asset management firms and registered investment funds.
Key takeaways
- The SEC has submitted an updated crypto custody rule for White House review.
- The proposal aims to clarify custodial rules for registered investment advisers.
- Clear institutional standards may encourage broader digital asset adoption.