SEC Crypto Custody Framework Moves to White House for Formal Review
The US SEC has submitted its updated digital asset custody regulations to the White House for executive branch review.
The U.S. Securities and Exchange Commission (SEC) has submitted a revised digital asset custody rule to the White House for administrative review. This updated framework follows the withdrawal of an earlier regulatory proposal introduced in 2023.
The revised guidelines aim to establish clear, tailored custodial obligations for registered investment advisers and investment companies holding crypto assets. By refining standard safeguarding mandates, the regulator seeks to address distinct structural differences in digital assets.
Approval of this framework could provide long-awaited clarity for institutional investors, enabling safer participation and standardizing qualified custody practices across the U.S. financial sector.
Key takeaways
- SEC submits revised custody rules to the White House
- Regulation covers investment advisers and funds
- Framework clarifies institutional crypto storage requirements