SEC Crypto Custody Framework Moves to White House for Final Review
The U.S. SEC has forwarded a revised digital asset custody rule covering registered advisers and funds to the White House for review.
The U.S. Securities and Exchange Commission (SEC) has submitted an updated regulatory framework governing crypto asset custody to the White House for interagency review. The proposal establishes explicit custodial compliance standards for registered investment advisers and investment funds.
This revision replaces an earlier 2023 proposal, aiming to clarify the criteria qualified custodians must satisfy when safeguarding digital assets. Clear custodial guidelines have long been a key operational hurdle preventing traditional institutional capital from deploying directly into digital asset markets.
Approval of this framework could offer traditional financial institutions the regulatory clarity required to expand digital asset custody, fund administration, and institutional trading operations safely.
Key takeaways
- SEC sends revised digital asset custody rules to the White House.
- The framework targets registered investment advisers and funds.
- Clear rules may accelerate institutional custody infrastructure.