US SEC Submits Updated Crypto Custody Framework for White House Review
The SEC has submitted a revised digital asset custody rule to the White House for formal administrative review.
The U.S. Securities and Exchange Commission has sent a revamped digital asset custody regulatory proposal to the White House for executive review. The framework seeks to establish comprehensive custody standards for investment advisers and registered investment funds managing crypto assets.
This update follows the withdrawal of a controversial 2023 proposal, reflecting renewed administrative efforts to clarify institutional custody requirements. The refined guidelines intend to establish enforceable operational baselines for qualified custodians handling digital assets.
If enacted, the rules will provide long-awaited compliance clarity for institutional asset managers, potentially accelerating traditional capital inflows into regulated digital asset investment products.
Key takeaways
- SEC submits new crypto custody framework for White House review.
- The rule establishes custody standards for registered advisers and funds.
- Follows the withdrawal of an earlier 2023 regulatory proposal.