SEC proposes new custody rules allowing registered investment advisers and regulated funds to hold digital assets through state trust companies and self-custody arrangements.
Regulation & Gov ·
The SEC has introduced a proposal enabling registered investment advisers and regulated funds to hold digital assets via state trust companies and self-custody arrangements, attempting to resolve custody uncertainties created by rules designed decades before crypto emerged. The agency will accept public feedback for 60 days before finalizing the framework. The shift reflects a broader regulatory strategy to clarify crypto rules through existing agency authority, as the CLARITY Act stalled in Congress.