🇺🇸 Taylor Lindman, Senior Counsel for the SEC’s Cryptocurrency Working Group, presented the agency’s approach to rules governing the custody of crypto assets at a recent public policy event in Washington. The proposed rules were submitted to the Office of Management and Budget at the White House for review and address how brokers and investment firms may hold crypto assets that are not securities.
These rules are intended to clarify that brokers may hold crypto assets without having to register for that purpose, and to allow investment advisers to place their clients’ assets with trust companies licensed by the states as qualified custodians. The SEC published a staff statement in December 2025 as a transitional measure and authorized investment advisers to use state-licensed trust companies as custodians of crypto assets starting in September 2025.
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These rules are intended to clarify that brokers may hold crypto assets without having to register for that purpose, and to allow investment advisers to place their clients’ assets with trust companies licensed by the states as qualified custodians. The SEC published a staff statement in December 2025 as a transitional measure and authorized investment advisers to use state-licensed trust companies as custodians of crypto assets starting in September 2025.
$GIGGLE
$TAIKO
$ZEC