SEC Submits Revised Digital Asset Custody Proposal for White House Review
The US SEC has forwarded its updated crypto custody regulations to the White House for formal review.
The US Securities and Exchange Commission has sent a revised custody rulemaking proposal to the White House for interagency review. The updated framework aims to clarify digital asset safeguarding requirements for registered investment advisers and funds.
This draft replaces previous controversial proposals from 2023, offering clearer regulatory compliance pathways for institutional custodians. It seeks to establish standardized procedures for storing and managing digital assets within traditional fiduciary operations.
Regulatory clarity could encourage traditional asset managers to expand their crypto offerings, reducing legal friction for qualified institutional custodians in the US market.
Key takeaways
- SEC submits revised crypto custody rule to the White House.
- The rule establishes standards for registered advisers and investment funds.
- Regulatory clarity may boost institutional adoption of digital asset custody.