SEC Sends Revised Crypto Custody Regulations to White House Review
The SEC has advanced its updated digital asset custody framework to the White House for formal interagency review.
The U.S. Securities and Exchange Commission has forwarded a rewritten crypto custody proposal to the White House for final review. The regulatory package addresses investment advisers and funds holding digital assets on behalf of clients.
This updated draft follows the withdrawal of a controversial 2023 proposal that met substantial industry pushback. The revised framework aims to provide clearer operational guidelines for qualified custodians managing tokenized assets and institutional crypto reserves.
If approved and enacted, the clarified rules could lower compliance barriers for traditional asset managers seeking secure digital asset exposure while reinforcing investor protection standards across institutional markets.
Key takeaways
- SEC advanced revised crypto custody rules to White House review.
- The framework targets registered investment advisers and funds.
- Clearer guidelines may accelerate institutional crypto participation.