US SEC Crypto Custody Framework Moves to White House for Final Review
The SEC has submitted a revised digital asset custody framework to the White House following previous regulatory withdrawals.
The U.S. Securities and Exchange Commission has sent a revised custody rule to the White House for review, targeting investment advisers and registered investment companies. This comes after the regulatory body pulled back a previous draft proposed in 2023.
The updated framework aims to clarify specific standards for safeguarding digital assets under federal securities laws. Clearer custodial definitions are critical for institutional fund managers who require compliant mechanisms before expanding digital asset exposure.
Finalizing regulatory custody expectations could significantly lower administrative barriers, paving the way for expanded institutional participation across digital asset funds.
Key takeaways
- SEC submits updated crypto custody regulatory rule to the White House.
- New rules address institutional requirements for investment advisers and fund managers.
- Clearer compliance guidelines may reduce friction for institutional crypto adoption.