In brief
- The SEC will not take enforcement actions against advisors and other entities for using state-chartered as crypto custodians.
- This letter could lead to a potential opening for a greater number of organizations to serve as custodians for digital assets.
- In July, Chair Paul Adkins unveiled “Project Crypto, an SEC initiative to dramatically lower regulatory burdens.
The U.S. Securities and Exchange Commission said in a letter on Tuesday that it did not plan to take action against registered investment advisors, issuers of crypto funds, and other entities for using state-chartered trusts to hold digital assets.
The updated guidance, a response from the SEC’s Division of Investment Management to a query filed by lawyers…
Oct 22 2025
