Wednesday and Thursday, 2026-09-30 and 2026-10-01 · · run 20261002T0218Z
SEC Proposes Crypto Custody Rules for Advisers
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The Securities and Exchange Commission proposed new rules on October 1, the SEC said. The rules would create a framework for investment advisers and regulated funds to custody crypto assets.
The proposal would modernize custody rules and expand investor choice, the SEC said.
The proposal would remove regulatory barriers that inhibit the adviser’s ability to provide crypto-related investment advice.
The SEC said the proposal would allow regulated funds to offer clients access to a wider range of crypto asset-related investment strategies.
The proposed rules under the Investment Advisers Act of 1940 would update requirements for financial statement audits for registered investment advisers.
The proposed rules under the Investment Company Act of 1940 would update requirements for broker-dealer custodial services for regulated funds.
The proposal would permit crypto assets to be held in self-custody under certain circumstances.
The proposal would also allow the use of state trust companies as custodians for client and regulated fund crypto assets.
The public comment period will remain open for 60 days following publication in the Federal Register.
Sources
- SEC Proposal Would Address How Investment Advisers and Funds Can Custody Crypto Assets Under the Federal Securities Laws US Securities and Exchange Commission
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