SEC Crypto Newsroom/
Statement on Proposed Amendments to the Custody Rules
The SEC has proposed amendments to custody rules to provide a more workable path for the safeguarding of crypto assets, including permitting self-custody under specific guardrails and adding state-chartered trust companies as permitted custodians.
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Read the original report at SEC Crypto NewsroomWhy It Matters
The proposal addresses previous regulatory hurdles, such as the 'no-win' scenario of the 2023 proposal and the impact of SAB 121, potentially increasing institutional adoption by providing clear compliance paths for advisers and funds.