SEC Crypto Newsroom/
Roller Coaster Ride: Statement on Proposed Adviser and Regulated Fund Custody Rules; Crypto Custody Rules
The SEC has proposed amendments to custody rules for registered investment advisers and regulated funds, aiming to provide more flexible options for holding crypto assets. The proposal includes provisions for limited 'self-custody' by advisers when no qualified custodian is available and allows state trust companies to act as permitted custodians under specific conditions.
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Read the original report at SEC Crypto NewsroomWhy It Matters
The proposal addresses long-standing regulatory uncertainty that has hindered investment advisers from offering crypto-related services, potentially expanding the range of institutional-grade custody solutions.