Crypto news report · source clearly identified
SEC Revisits Crypto Custody Rule After 2023 Attempt
The SEC's 2023 effort to limit where investment advisers could hold client crypto assets is being reexamined, though details remain unclear.
The U.S. Securities and Exchange Commission is reportedly reactivating a crypto custody rule that it initially pursued in 2023. The earlier proposal aimed to narrowly restrict the venues where investment advisers could park clients' cryptocurrency holdings.
Background of the 2023 Initiative
In 2023, the regulator sought to limit the custodial options available to investment advisers, focusing on a narrower set of approved platforms for holding client crypto assets.
Current Status
According to recent reports, the SEC is bringing the rule back for further consideration. However, the specifics of the new approach have not been disclosed, and the regulatory direction remains opaque.
Source & attribution
News Source
- Publisher
- CoinDesk
- Original date
- August 26, 2026, 11:01 PM
- Original headline
- SEC resurrecting U.S. crypto custody rule the previous administration failed to land