SEC Sends Revised Crypto Custody Framework to White House for Review
The SEC's updated custody rule covering digital assets and investment advisers has advanced to the White House review stage.
The U.S. Securities and Exchange Commission (SEC) has submitted a revised custody framework to the White House for interagency review. The updated proposal outlines explicit compliance duties for investment advisers and registered investment companies safeguarding digital assets.
This regulatory revision follows the withdrawal of a broader and heavily criticized 2023 proposal. The updated version aims to offer clearer operational guidelines for regulated custodians, clarifying how qualified institutional custodians handle tokenized and crypto assets.
Market participants view the progress toward White House approval as a critical development. Finalized rules could significantly reduce compliance ambiguity for traditional asset managers seeking regulated crypto custody solutions.
Key takeaways
- The SEC forwarded a revised crypto custody rule for White House review.
- The framework targets registered investment advisers and investment firms.
- Clearer custody rules may accelerate institutional adoption of digital assets.