The SEC just moved and Wall Street felt it. đ„
On August 25, the SEC sent a proposal to the White House to "clarify the framework for the custody of crypto assets" for investment advisers and investment companies. That one sentence rewrites two years of regulatory paralysis. đ
Here's what actually changed vs. what people are claiming đ
Gensler's 2023 Safeguarding Rule tried to RESTRICT how advisers hold crypto. It didn't survive. Atkins' SEC is now going the opposite direction â explicitly aiming to "remove burdens" from outdated provisions. Same topic. Opposite philosophy. đ
â ïž BUT â slow down on the victory lap.
The proposal isn't public yet. It still needs White House OMB review, then an SEC commission vote, then a 60-day public comment period before anything becomes law. October 2026 is the target for even the notice of proposed rulemaking â not the final rule. đ
The most consequential detail still hidden: how the SEC defines "qualified custodian" for digital assets. That single definition determines whether BlackRock, Fidelity â or anyone â can legally custody your Bitcoin for clients. We don't know the answer yet. đ
The direction is clear. The finish line isn't. đ
So here's the real question â when institutional custody becomes legally unambiguous, does that accelerate Bitcoin adoption or just hand control back to the same banks crypto was built to replace? đ
#SEC #CryptoRegulation #CryptoCustody #DollarPostsBiggestGainInNearlyFourWeeks #BankOfKoreaHikesRatesTo3%
$TUT $VET $MOVR
On August 25, the SEC sent a proposal to the White House to "clarify the framework for the custody of crypto assets" for investment advisers and investment companies. That one sentence rewrites two years of regulatory paralysis. đ
Here's what actually changed vs. what people are claiming đ
Gensler's 2023 Safeguarding Rule tried to RESTRICT how advisers hold crypto. It didn't survive. Atkins' SEC is now going the opposite direction â explicitly aiming to "remove burdens" from outdated provisions. Same topic. Opposite philosophy. đ
â ïž BUT â slow down on the victory lap.
The proposal isn't public yet. It still needs White House OMB review, then an SEC commission vote, then a 60-day public comment period before anything becomes law. October 2026 is the target for even the notice of proposed rulemaking â not the final rule. đ
The most consequential detail still hidden: how the SEC defines "qualified custodian" for digital assets. That single definition determines whether BlackRock, Fidelity â or anyone â can legally custody your Bitcoin for clients. We don't know the answer yet. đ
The direction is clear. The finish line isn't. đ
So here's the real question â when institutional custody becomes legally unambiguous, does that accelerate Bitcoin adoption or just hand control back to the same banks crypto was built to replace? đ
#SEC #CryptoRegulation #CryptoCustody #DollarPostsBiggestGainInNearlyFourWeeks #BankOfKoreaHikesRatesTo3%
$TUT $VET $MOVR
