The SEC proposed rules to create a tailored framework for crypto asset custody by registered investment advisers and regulated funds, modernizing custody rules and permitting self-custody in certain cases. Comments are open for 60 days after publication.
Material Details
| # | Detail | AI Analyst View |
|---|---|---|
| 1 | SEC proposes crypto custody rules | Clearer rules could unlock adviser and fund participation, boosting institutional crypto flows. |
| 2 | Covers advisers and regulated funds | Expands access pathways for RIA clients and fund vehicles to offer crypto strategies. |
| 3 | Allows self-custody in cases | May lower reliance on a few custodians and reduce bottlenecks/costs. |
| 4 | State trusts as custodians allowed | Broadens eligible custodian base, potentially increasing competition and… |
