US SEC Submits Revised Crypto Custody Rule for White House Review
The US SEC has sent a revised custody framework to the White House for review, seeking to clarify institutional digital asset storage standards.
The US Securities and Exchange Commission has submitted an updated digital asset custody proposal to the White House for final review. The revised policy aims to clearly define custody obligations for registered investment advisers and investment companies, replacing an earlier 2023 draft that was withdrawn.
Clarifying custody rules represents a pivotal step for traditional finance institutions seeking compliant exposure to digital assets. The regulatory update is designed to remove long-standing ambiguity surrounding how registered funds can legally hold and safeguard cryptocurrencies and tokenized securities.
A clearer federal custody mandate could accelerate institutional capital deployment into digital assets by reducing legal uncertainty for large asset managers.
Key takeaways
- The SEC submitted an updated digital asset custody rule to the White House.
- The regulation applies directly to registered investment advisers and funds.
- Final approval could resolve persistent ambiguity regarding institutional crypto storage.