Revised SEC Digital Asset Custody Proposal Reaches White House Review
A modernized SEC custody framework covering investment advisers and digital assets has moved to the White House for executive review.
The U.S. Securities and Exchange Commission has sent a revised custody rulemaking package to the White House for interagency review. The updated proposal seeks to define digital asset custody standards for registered investment advisers and investment companies.
This regulatory update follows the withdrawal of an earlier 2023 proposal that faced pushback over broad compliance hurdles. By refining how qualified custodians handle crypto assets, the agency aims to establish clearer legal guardrails for institutional market participants.
Final approval of the rule could provide institutional allocators with the clarity required to expand digital asset custody relationships. Regulatory certainty is widely viewed as a critical catalyst for sustained enterprise and fund involvement in crypto.
Key takeaways
- The SEC forwarded an updated custody rule to the White House for review.
- The framework targets registered investment advisers and digital asset custodians.
- Clearer guidelines may ease institutional barriers to holding crypto assets.