【SEC suddenly makes a concession—can crypto assets now be self-custodied?🔥🏦】
Group chat: ⚖️ 加密监管动向进群聊
This Wednesday, the SEC submitted a new proposal this week. It’s not regulating retail investors—it’s targeting advisors and funds. In the past, these institutions were too afraid to touch crypto. The key word is one thing: qualified custodian. Which custody provider counts as qualified has never had a clear standard. Clients’ funds can only be held by qualified custodians.🏛️
This issue has dragged on for many years, with no one willing to take responsibility. SEC Chair Atkins admitted it outright. He said the rules haven’t kept up and have fallen behind for too long. He also said they’re tearing down the gray areas of the previous era. The old rules truly can’t cover new assets. In one sentence: regulators are admitting their own mistake.📉
The proposal lays out three concrete areas where the restrictions are loosened. Self-custody? If you meet the conditions, it’s allowed. State-level trust companies can also act as custodians. And the audit and broker-custody rules will be updated together. The goal is very straightforward: make it easier for institutions to jump in. Lowering the threshold makes the path smooth.🔑
This isn’t an isolated move—it’s a line of action. The CLARITY Act is stuck in the Senate. The SEC has decided to take matters into its own hands and pave the way first. The innovation exemption has opened the door for tokenized stocks to be allowed on-chain. Fundraising and share buyback classifications are clarified as well. While Congress doesn’t move, regulators push forward on their own.🧵
How big of an impact will it have? Look at where the money goes. Bitcoin has grown from 2008 to today. It’s already a multitrillion-dollar market. Institutions manage people’s retirement savings and funds. Add another compliant route, and you attract another batch of capital. This wave is opening the institutional gate.💰
But don’t rush to call it a bull run—there’s still a long process. This proposal isn’t the final rule; it’s just a draft. After publication, there will be a 60-day public comment period. Then the SEC can still change it and will also vote. Fast could be a few months; slow could cross into next year. Before it’s truly implemented, anything can change.⏳
📌 The SEC has carved an opening in the custody wall—making the “ticket” for institutions a bit cheaper.
How much incremental capital do you think this could bring? Let’s discuss in the comments.
#SEC拟放宽投顾加密托管规则
Group chat: ⚖️ 加密监管动向进群聊
This Wednesday, the SEC submitted a new proposal this week. It’s not regulating retail investors—it’s targeting advisors and funds. In the past, these institutions were too afraid to touch crypto. The key word is one thing: qualified custodian. Which custody provider counts as qualified has never had a clear standard. Clients’ funds can only be held by qualified custodians.🏛️
This issue has dragged on for many years, with no one willing to take responsibility. SEC Chair Atkins admitted it outright. He said the rules haven’t kept up and have fallen behind for too long. He also said they’re tearing down the gray areas of the previous era. The old rules truly can’t cover new assets. In one sentence: regulators are admitting their own mistake.📉
The proposal lays out three concrete areas where the restrictions are loosened. Self-custody? If you meet the conditions, it’s allowed. State-level trust companies can also act as custodians. And the audit and broker-custody rules will be updated together. The goal is very straightforward: make it easier for institutions to jump in. Lowering the threshold makes the path smooth.🔑
This isn’t an isolated move—it’s a line of action. The CLARITY Act is stuck in the Senate. The SEC has decided to take matters into its own hands and pave the way first. The innovation exemption has opened the door for tokenized stocks to be allowed on-chain. Fundraising and share buyback classifications are clarified as well. While Congress doesn’t move, regulators push forward on their own.🧵
How big of an impact will it have? Look at where the money goes. Bitcoin has grown from 2008 to today. It’s already a multitrillion-dollar market. Institutions manage people’s retirement savings and funds. Add another compliant route, and you attract another batch of capital. This wave is opening the institutional gate.💰
But don’t rush to call it a bull run—there’s still a long process. This proposal isn’t the final rule; it’s just a draft. After publication, there will be a 60-day public comment period. Then the SEC can still change it and will also vote. Fast could be a few months; slow could cross into next year. Before it’s truly implemented, anything can change.⏳
📌 The SEC has carved an opening in the custody wall—making the “ticket” for institutions a bit cheaper.
How much incremental capital do you think this could bring? Let’s discuss in the comments.
#SEC拟放宽投顾加密托管规则
