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SEC Proposes Updated Crypto Custody Rules for Investment Advisers, Funds

SEC Proposes Updated Crypto Custody Rules for Investment Advisers, Funds

  • The U.S. Securities and Exchange Commission said it had proposed a new regulatory framework for crypto custody by investment advisers and funds.
  • The proposal includes a provision allowing self-custody by investment advisers and funds if they meet certain requirements.
  • It also said state-chartered trust companies would be allowed to provide services as digital-asset custodians.

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The U.S. Securities and Exchange Commission has proposed a new regulatory framework for crypto custody by investment advisers and funds. The proposal would allow self-custody under certain conditions and permit state-chartered trust companies to serve as custodians.

Cointelegraph reported on…

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