The U.S. Securities and Exchange Commission (SEC) has proposed new rules intended to make it easier for registered investment advisers, investment companies and business development companies to custody crypto assets on behalf of clients. The initiative provides for a separate system of requirements for the custody of digital assets. This was reported by CNBC.

Self-custody of assets

Under the proposal, crypto assets could be self-custodied under certain circumstances. In addition, state trust companies would be able to act as custodians of crypto assets belonging to clients and regulated funds.

The SEC said the changes are intended to…