🚨 SEC PROPOSES NEW CRYPTO CUSTODY LAW FOR INVESTMENT FUNDS
The SEC has just proposed a new regulatory framework to clarify how investment advisers and funds are allowed to custody customers’ crypto.
Under the proposal, crypto may be held in custody by qualified custodians, which also expands the ability to use state-chartered trust companies.
Notably, investment advisers may also self-custody crypto in certain cases, for example when there is no qualified custodian entity able to support that type of asset.
The SEC will open a 60-day public comment period. This is only a proposed regulation, not the final law yet.
Personal view:
The point I pay the most attention to is that the SEC is trying to bring crypto into a clearer custody framework, rather than forcing funds to apply rules that were originally designed for traditional assets.
If approved, clearly defining who can hold crypto, how it can be held, and when self-custody is allowed could help organizations deploy digital asset products more easily.
The real-world impact will still depend on the final content after the comment period.
For the crypto market, this is a change worth tracking because custody is an important part of the infrastructure that enables institutional capital to get involved more deeply.
👇 HOT COINS TRADING HERE 👇
$BTC
$ETH
$MOVR
The SEC has just proposed a new regulatory framework to clarify how investment advisers and funds are allowed to custody customers’ crypto.
Under the proposal, crypto may be held in custody by qualified custodians, which also expands the ability to use state-chartered trust companies.
Notably, investment advisers may also self-custody crypto in certain cases, for example when there is no qualified custodian entity able to support that type of asset.
The SEC will open a 60-day public comment period. This is only a proposed regulation, not the final law yet.
Personal view:
The point I pay the most attention to is that the SEC is trying to bring crypto into a clearer custody framework, rather than forcing funds to apply rules that were originally designed for traditional assets.
If approved, clearly defining who can hold crypto, how it can be held, and when self-custody is allowed could help organizations deploy digital asset products more easily.
The real-world impact will still depend on the final content after the comment period.
For the crypto market, this is a change worth tracking because custody is an important part of the infrastructure that enables institutional capital to get involved more deeply.
👇 HOT COINS TRADING HERE 👇
$BTC
$ETH
$MOVR
