Official Investor Guide Explains Self-Custody

The SEC is changing how it talks about crypto.

The U.S. Securities and Exchange Commission has published a new Investor Bulletin that openly explains and legitimizes crypto self-custody, marking one of the clearest departures yet from the agency’s previous enforcement-first posture.

What the SEC Released

On December 12, the SEC’s Office of Investor Education and Advocacy published a bulletin titled “Crypto Asset Custody Basics for Retail Investors.”

Rather than framing crypto primarily as a danger, the document takes a neutral, educational approach. It lays out the differences between self-custody, where investors hold their own private keys, and third-party custody, where assets are held by exchanges or other…

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