SEC Proposes Rules Allowing Investment Advisers to Self-Custody Crypto Assets
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The Securities and Exchange Commission unveiled a proposal establishing custody rules for crypto assets managed by registered investment advisers and regulated funds, including registered investment companies and business development companies.The framework tailors existing securities law requirements to the specific operational and technical characteristics of digital assets, creating pathways for institutional custody arrangements under federal oversight.- The U.S.
- Securities and Exchange Commission proposed new rules and amendments to create a tailored framework for how registered investment advisers and regulated funds — including registered investment companies and business development companies — can custody crypto assets under federal securities law, according to the SEC's press release.
- The proposal opens a self-custody route for investment advisers and also sets conditions under which state trust companies can serve as custodians, according to The Defiant.
- Public comments will be accepted for 60 days after the proposal is published in the Federal Register, The Defiant reported.
- CoinDesk described the proposal as part of the SEC's broader effort to map out rules for digital assets as the agency continues building out its crypto policy agenda.
- The move addresses a long-standing gap in how federally regulated advisers and funds can hold crypto directly or through qualified custodians, rather than relying on ad hoc arrangements.
· summary · New information from a source
The SEC proposed a new regulatory framework governing how registered investment advisers and funds can hold cryptocurrency assets.- The SEC has proposed new rules letting registered investment advisers and regulated funds self-custody crypto assets or use state trust companies, with a 60-day comment window once published.
· headline · New information from a source
SEC Proposes Custody Framework for Crypto Assets Held by Investment Advisers and Funds- SEC Proposes Rules Allowing Investment Advisers to Self-Custody Crypto Assets
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The U.S. Securities and Exchange Commission proposed new rules and amendments to create a tailored framework for how registered investment advisers and regulated funds — including registered investment companies and business development companies — can custody crypto assets under federal securities law, according to the SEC’s press release.
The proposal opens a self-custody route for investment advisers and also sets conditions under which state trust companies can serve as custodians, according to The Defiant. Public comments will be accepted for 60 days after the proposal is published in the Federal Register, The Defiant reported.
CoinDesk described the proposal as part of the SEC’s broader effort to map out rules for digital assets as the agency continues building out its crypto policy agenda.
The move addresses a long-standing gap in how federally regulated advisers and funds can hold crypto directly or through qualified custodians, rather than relying on ad hoc arrangements. The rulemaking process now moves into a public comment period before any final rules take effect.
Sources: SEC Press Releases, The Defiant, CoinDesk
This article is for information only and is not financial advice.
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Story so far 2 updates
- flashSEC Proposes Custody Framework for Crypto Assets Held by Investment Advisers and Fundsfirst reported · 2 sourcessec.gov · coindesk.com
- storySEC Proposes Rules Allowing Investment Advisers to Self-Custody Crypto Assetsupdate · 3 sourcessec.gov · thedefiant.io · coindesk.com
US Securities and Exchange Commission
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