#SECProposesCryptoCustodyRules
đš BREAKING: THE SEC PROPOSES NEW CRYPTO CUSTODY REGULATIONS
Game-changing development for institutional crypto adoption in the US.
The SEC has officially proposed the new custody regulations on Oct 1, 2026 (Release S7-2026-35) â for the first time since the 1940 Act regulations. da69
What's contained in the 760-page proposal?
đč Self-Custody Permitted (Conditionally): Advisers and funds are allowed to keep the client crypto themselves, ONLY if there are no qualified custodians around â with dual authorization, individual client wallets, quarterly checks, and cybersecurity measures.
đč More Custodians: The state-chartered trust companies are allowed to become custodians of the crypto if they comply with authorization and financial reporting requirements
đč Why Now? Chair Paul Atkins stated: "Our rules have not kept pace" amid the growth of crypto from 2008 to a multi-trillion class. This was followed after the failure of Clarity Act in the Senate.
đč Next: 60-day public comment period after Federal Register publication da69
This is good news for adoption, because it creates a compliance pathway that didnât exist before and addresses the problem of "token launches before custodian is set up".
Institutional floodgates are finally opening slowly.
Bullish or bearish for $BTC and $ETH custody going forward?
#SEC #cryptocustody #BTCâïž #Ethereum
đš BREAKING: THE SEC PROPOSES NEW CRYPTO CUSTODY REGULATIONS
Game-changing development for institutional crypto adoption in the US.
The SEC has officially proposed the new custody regulations on Oct 1, 2026 (Release S7-2026-35) â for the first time since the 1940 Act regulations. da69
What's contained in the 760-page proposal?
đč Self-Custody Permitted (Conditionally): Advisers and funds are allowed to keep the client crypto themselves, ONLY if there are no qualified custodians around â with dual authorization, individual client wallets, quarterly checks, and cybersecurity measures.
đč More Custodians: The state-chartered trust companies are allowed to become custodians of the crypto if they comply with authorization and financial reporting requirements
đč Why Now? Chair Paul Atkins stated: "Our rules have not kept pace" amid the growth of crypto from 2008 to a multi-trillion class. This was followed after the failure of Clarity Act in the Senate.
đč Next: 60-day public comment period after Federal Register publication da69
This is good news for adoption, because it creates a compliance pathway that didnât exist before and addresses the problem of "token launches before custodian is set up".
Institutional floodgates are finally opening slowly.
Bullish or bearish for $BTC and $ETH custody going forward?
#SEC #cryptocustody #BTCâïž #Ethereum
