The SEC has just proposed crypto custody rules for advisers and funds.
Thursday 01/10 (evening UTC), the US regulator published a proposal (file S7-2026-35, “Adviser and Regulated Fund Custody Rules; Crypto Custody Rules”). Chair Paul Atkins talks about a “clear regulatory framework” and a “compliant pathway where none existed before”: existing rules mainly target traditional assets, leaving a gray area for crypto on the RIA and regulated funds side. Reported by CoinDesk / CryptoBriefing.
Facts (proposal, not final rule):
• Clarify who may custody crypto for advisers / funds
• Recordkeeping, disclosure, auditing
• Self-custody “under certain circumstances”
• State-chartered trusts as possible custodians
• 60 days for public comments after publication in the Federal Register
• Same week: Hester Peirce (Crypto Task Force) leaves on Friday
Interpretation: another milestone in Atkins’ digital assets agenda. Institutions that want to build RIA / fund exposure need to know who holds the assets, how custody is audited, and where the gray area ends. As long as it’s only proposed, nothing is mandatory.
Scenarios:
• Adoption after comment: operational pathway for RIA/fund custody, state trusts, and carve-out self-custody
• Revision / withdrawal: history of SEC proposals that move or slow down under feedback
Institutional custody or self-custody—who really wins for $BTC et $ETH ?
#Bitcoin #SEC #Crypto
Thursday 01/10 (evening UTC), the US regulator published a proposal (file S7-2026-35, “Adviser and Regulated Fund Custody Rules; Crypto Custody Rules”). Chair Paul Atkins talks about a “clear regulatory framework” and a “compliant pathway where none existed before”: existing rules mainly target traditional assets, leaving a gray area for crypto on the RIA and regulated funds side. Reported by CoinDesk / CryptoBriefing.
Facts (proposal, not final rule):
• Clarify who may custody crypto for advisers / funds
• Recordkeeping, disclosure, auditing
• Self-custody “under certain circumstances”
• State-chartered trusts as possible custodians
• 60 days for public comments after publication in the Federal Register
• Same week: Hester Peirce (Crypto Task Force) leaves on Friday
Interpretation: another milestone in Atkins’ digital assets agenda. Institutions that want to build RIA / fund exposure need to know who holds the assets, how custody is audited, and where the gray area ends. As long as it’s only proposed, nothing is mandatory.
Scenarios:
• Adoption after comment: operational pathway for RIA/fund custody, state trusts, and carve-out self-custody
• Revision / withdrawal: history of SEC proposals that move or slow down under feedback
Institutional custody or self-custody—who really wins for $BTC et $ETH ?
#Bitcoin #SEC #Crypto
