#secproposescryptocustodyrules
๐บ๐ธ The SEC just proposed a new framework for crypto custody.
The proposal addresses how registered investment advisers and regulated funds could custody certain digital assets, potentially giving institutions a clearer regulatory path.
Hereโs what could change:
๐ Limited self-custody โ potentially allowed when an eligible custodian isnโt available
๐ฆ State trust companies โ could become eligible crypto custodians
๐ Updated custody requirements โ designed specifically around digital assets
๐บ๐ธ Clearer framework โ aimed at reducing regulatory uncertainty around crypto investment strategies
But this is important: the proposal is not a final rule.
After publication in the Federal Register, it will go through a 60-day public comment period, so the framework could still change.
For the crypto market, the key question is whether clearer custody rules could make it easier for regulated funds and advisers to hold digital assets.
$BTC | $ETH
#SEC #CryptoCustody #CryptoRegulation #Bitcoin #Crypto
๐บ๐ธ The SEC just proposed a new framework for crypto custody.
The proposal addresses how registered investment advisers and regulated funds could custody certain digital assets, potentially giving institutions a clearer regulatory path.
Hereโs what could change:
๐ Limited self-custody โ potentially allowed when an eligible custodian isnโt available
๐ฆ State trust companies โ could become eligible crypto custodians
๐ Updated custody requirements โ designed specifically around digital assets
๐บ๐ธ Clearer framework โ aimed at reducing regulatory uncertainty around crypto investment strategies
But this is important: the proposal is not a final rule.
After publication in the Federal Register, it will go through a 60-day public comment period, so the framework could still change.
For the crypto market, the key question is whether clearer custody rules could make it easier for regulated funds and advisers to hold digital assets.
$BTC | $ETH
#SEC #CryptoCustody #CryptoRegulation #Bitcoin #Crypto
