SEC Moves Forward with Crypto Custody Rule Overhaul
Investment advisers may get clearer rules for holding crypto assets for clients.
1SEC's Crypto Custody Rule Revision
The U.S. Securities and Exchange Commission (SEC) is reviewing rules on how investment advisers and funds can custody crypto assets for clients. The proposal sent to the White House on August 25 aims to provide more clarity while ensuring compliance with federal securities rules. Changes will be made under the Investment Advisers Act and Investment Company Act.
2White House Review Process
The 'Amendments to the Custody Rules' proposal is currently under review by the Office of Information and Regulatory Affairs (OIRA), part of the White House Office of Management and Budget. OIRA may request changes or send it back to the SEC as is. The commission will need to vote before opening it for public comment.
3Seeking Clarity for Crypto Markets
The SEC aims to address uncertainties in current rules regarding custody of crypto assets. New clear guidelines will be established for how investment advisers can hold client assets. While the proposal hasn't been made public yet, it's expected to have significant industry impact.
4Trump Administration's Digital Asset Agenda
According to Bloomberg, this proposal is part of SEC's efforts to advance the Trump administration's digital asset agenda. It seeks to provide regulatory clarity as an alternative to the stalled CLARITY market structure bill in the Senate. A vote is expected in September after the legislative recess.
5SEC's Crypto-Friendly Shift
Since Paul Atkins became chair in 2025, the SEC has adopted a more favorable approach to crypto. Atkins pledged to end 'regulation through enforcement' and focus on formal rulemaking. This shift led to dismissal of several cases against major crypto companies, including the lawsuit against Coinbase.
6Other Industry Developments
The SEC's move follows CFTC's elimination of its 'no-deny' settlement policy. Both agencies are softening their regulatory approaches to crypto markets. These developments are paving the way for easier institutional access to crypto assets.
7Potential Market Impacts
New custody rules could increase institutional confidence in crypto assets. Clear guidelines for large funds and investment advisers would help mature the market. However, the final version of the proposal and implementation details remain crucial.
8End of Regulatory Uncertainty?
The SEC's move could mark a turning point in U.S. crypto regulation. Clear rules would both enhance investor protection and support industry growth. Market participants are watching closely to see how the process unfolds and when final rules will take effect.
Original article: Cointelegraph.com News — SEC, Kripto Varlık Saklama Kurallarını Yeniden Düzenliyor