US SEC Digital Asset Custody Framework Advances to White House Review
The US SEC has submitted revised digital asset custody guidelines to the White House for interagency review.
The US Securities and Exchange Commission has forwarded a revised custody rule covering registered investment advisers and investment firms to the White House for formal review. The updated framework aims to clarify compliance obligations surrounding digital asset safekeeping following the withdrawal of an earlier 2023 proposal.
Clarifying institutional custody rules is critical for traditional asset managers seeking compliant exposure to digital assets. The regulatory review process seeks to establish explicit operational benchmarks for qualified custodians managing cryptographic keys on behalf of institutional funds.
Market participants view progress on the rule as a stabilizing step toward broader institutional crypto integration. Clearer custody definitions could reduce regulatory friction, enabling more wealth managers and institutional funds to deploy capital into digital assets.
Key takeaways
- SEC submits updated crypto custody rules for White House review.
- The proposal establishes compliance mandates for investment advisers.
- Clear guidelines may accelerate institutional participation in digital assets.