SEC sends crypto custody rule overhaul to White House for review
The U.S. Securities and Exchange Commission has sent proposed changes to its crypto custody rules for investment advisers to the White House for regulatory review.
The Office of Information and Regulatory Affairs, part of the Office of Management and Budget, is reviewing the proposal before publication. The SEC said the changes aim to clarify how investment advisers and investment companies can custody digital assets while complying with federal requirements.
The proposal would also modernize outdated custody provisions and reduce regulatory burdens where existing rules are no longer necessary for investor protection.
The move is part of a broader crypto regulatory overhaul under SEC Chair Paul Atkins. Over the past year, the agency has issued guidance on memecoins and staking and recently proposed “Regulation Crypto Assets,” a tailored framework for digital-asset offerings.
The industry is also awaiting Atkins’ planned “innovation exemption,” which is expected to provide regulatory relief for firms issuing tokenized securities through decentralized and other emerging platforms.
The U.S. Securities and Exchange Commission has sent proposed changes to its crypto custody rules for investment advisers to the White House for regulatory review.
The Office of Information and Regulatory Affairs, part of the Office of Management and Budget, is reviewing the proposal before publication. The SEC said the changes aim to clarify how investment advisers and investment companies can custody digital assets while complying with federal requirements.
The proposal would also modernize outdated custody provisions and reduce regulatory burdens where existing rules are no longer necessary for investor protection.
The move is part of a broader crypto regulatory overhaul under SEC Chair Paul Atkins. Over the past year, the agency has issued guidance on memecoins and staking and recently proposed “Regulation Crypto Assets,” a tailored framework for digital-asset offerings.
The industry is also awaiting Atkins’ planned “innovation exemption,” which is expected to provide regulatory relief for firms issuing tokenized securities through decentralized and other emerging platforms.