Bitcoin has steadied around US$78,000 after this week’s pullback. At the same time, a fresh US regulatory development has put institutional crypto adoption back in focus as the Securities and Exchange Commission moves ahead with an overhaul of digital asset custody rules.

At the latest check, Bitcoin was trading at about US$78,350, up around 0.2% over 24 hours, after retreating from above US$81,000 earlier in the week.

Ether was firmer at around US$2,467, up 1.2%, while Solana was broadly flat at US$96.65. XRP remained the weakest of the majors, falling about 5% to US$1.37.

SEC custody overhaul reaches White House

The biggest fresh regulatory development is coming from Washington, where the SEC’s proposed rewrite of custody rules…