Content overview: “SEC Proposes Rules to Clarify How Advisers and Funds Can Custody Crypto”. The Securities and Exchange Commission has proposed a rule that would offer investment advisers and funds a clear path to custody digital assets, a move that could reshape the crypto custody landscape. Under the proposal, advisers and funds could use state-chartered trust companies as qualified custodians, a significant expansion beyond the traditional banks and broker-dealers. The rule also outlines conditions under which self-custody of crypto assets would be permitted, giving firms more flexibility.
This proposal aims to replace years of regulatory ambiguity with a concrete compliance framework, potentially reducing legal risks for institutions. The SEC's action comes as the crypto industry has long sought clarity on custody rules, which are central to safeguarding client assets. By defining acceptable custodians and self-custody practices, the SEC is signaling a more structured approach to digital asset oversight. For the complete material, the listing points back to the source inside the network.