SEC proposes new custody rules for crypto assets held by advisers and funds
Image: Crypto BriefingThe US Securities and Exchange Commission proposed new custody rules for crypto assets. The proposal applies to registered investment advisers and regulated funds. The SEC said the rules aim to modernize custody standards and update requirements under the Investment Advisers Act and the Investment Company Act. The agency will accept public comments for 60 days after the proposal is published in the Federal Register.
Key points
- The SEC proposed new custody rules for crypto assets held by investment advisers and regulated funds.
- The proposal aims to modernize existing custody standards under federal securities laws.
- The SEC said the framework would update requirements under the Investment Advisers Act and Investment Company Act.
- Public comments will remain open for 60 days after publication in the Federal Register.
Why it matters
The proposal addresses custody for registered advisers and regulated funds and aims to modernize custody standards. It also includes a 60-day public comment period after Federal Register publication.
What's unclear
The conditions under which the proposal would permit self-custody are not specified.
Whether the September 2025 no-action letter for select state-chartered trust companies will remain in place is not stated.
Sources · 7 publishers
SEC Proposal Would Address How Investment Advisers and Funds Can Custody Crypto Assets Under the Federal Securities Laws
Crypto Briefing
Tier 2
SEC issues crypto custody guidance for registered investment advisers
Crypto Briefing
Tier 2
SEC proposes new custody rules for crypto assets held by advisers and funds
The Defiant
Tier 1
SEC Proposes Crypto Self-Custody Route for Investment Advisers
Decrypt
Tier 1
SEC Proposes Rules to Clear Up How Advisers and Funds Can Hold Crypto
The Block
Tier 1
SEC proposes framework allowing investment advisers, funds to self-custody crypto
Bitcoin Magazine
Tier 1
SEC Proposes New Rules On Crypto Custody
Blockonomi
Tier 3
US SEC Proposes New Crypto Custody Rules for Investment Advisers and Funds
Coverage timeline
- First reported by US SEC
- Confirmed by Crypto Briefing
- CryptoVideos brief published
- 4 more publishers added to sources
How this brief was made. Our system found this event in 7 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
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