SEC just dropped new custody rule proposals for crypto assets, advisers, and funds.
This is actually meaningful progress for institutional infrastructure. Finally some regulatory clarity on how advisers can hold $BTC $ETH and other digital assets without legal gray zones.
The crypto custody framework has been a mess for years. Traditional broker-dealer rules don't map cleanly to self-custody, multisig, or DeFi protocols. These new rules could unlock billions in institutional capital that's been sitting on the sidelines.
Still need to see the fine print, but directionally this is bullish for:
• Regulated crypto funds
• RIA adoption
• Institutional on-ramp infrastructure
SEC moving from enforcement-only to actual rulemaking. That's the shift we needed.
This is actually meaningful progress for institutional infrastructure. Finally some regulatory clarity on how advisers can hold $BTC $ETH and other digital assets without legal gray zones.
The crypto custody framework has been a mess for years. Traditional broker-dealer rules don't map cleanly to self-custody, multisig, or DeFi protocols. These new rules could unlock billions in institutional capital that's been sitting on the sidelines.
Still need to see the fine print, but directionally this is bullish for:
• Regulated crypto funds
• RIA adoption
• Institutional on-ramp infrastructure
SEC moving from enforcement-only to actual rulemaking. That's the shift we needed.
