SEC unveils proposal to clarify how funds can custody crypto assets
AI Market Summary
The SEC's proposed custody framework would clarify how registered advisers and regulated funds can safeguard client crypto, including allowing self-custody in limited cases and expanding eligible custodians to include state trust companies. Clearer rules reduce compliance uncertainty and operational friction for institutional allocators. A 60-day comment period introduces near-term headline risk, but the direction signals incremental regulatory normalization for crypto market structure.
Impact level
● High
Affected assets
BTC/USDT+0.98%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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The U.S. Securities and Exchange Commission has released proposed rules aimed at clarifying how registered investment advisers and regulated funds can safeguard clients' cryptocurrency holdings. SEC Chair Paul Atkins said existing custody requirements were designed around traditional assets. Under the proposal, advisers could self-custody crypto in certain circumstances, and state-chartered trust companies would be permitted to serve as qualified custodians. A 60-day public comment period will begin once the proposal is published in the Federal Register.
