SEC Sends Proposed Crypto Custody Rule Changes to White House for Review

The U.S. Securities and Exchange Commission (SEC) has submitted a regulatory proposal to the White House that would modify the existing framework governing the custody of digital assets by investment advisers.

Proposed Rule Adjustments

The proposal seeks to update the SEC's custodial requirements to reflect the growing prevalence of digital assets in advisory portfolios.

Review Process

The submission to the White House marks the next step in the regulatory review, with the administration expected to evaluate the changes before any final rulemaking.

Implications for Advisers

If adopted, the revised rules could affect how advisers store, safeguard, and report digital asset holdings to clients and regulators.