White House Reviews Revised SEC Crypto Custody Regulations for Advisers
The US SEC's updated digital asset custody framework has entered White House review, aiming to establish clear compliance guidelines for investment managers.
The U.S. Securities and Exchange Commission's revised safeguarding rule governing digital asset custody has officially entered the White House review stage. The regulatory proposal outlines updated custody requirements for registered investment advisers and registered investment companies managing client crypto holdings.
This draft replaces previous regulatory iterations from 2023, seeking to provide a formal compliance framework for institutional managers holding digital assets. Clearer definitions around qualified custodians remain a critical focal point for institutional market participants.
Regulatory clarity from the White House review may encourage conservative financial institutions to expand digital asset management services, reducing lingering legal uncertainties surrounding institutional crypto custody solutions.
Key takeaways
- The revised SEC crypto custody framework has reached the White House review phase.
- The rules target registered investment advisers and investment funds holding crypto assets.
- Clear custody standards could pave the way for deeper institutional digital asset adoption.