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SEC Proposes Crypto Custody Framework for Investment Advisers
The SEC has proposed an October 1 crypto custody framework under federal investment laws, allowing conditional self-custody for advisers.
The U.S. Securities and Exchange Commission (SEC) has proposed a crypto custody framework for investment advisers and regulated funds, according to Crypto.news. The proposed framework, set for an October 1 implementation, operates under two federal investment laws and would permit conditional self-custody and state trust company custody for these entities.
SEC Chairman Paul Atkins commented on the proposal, which aims to provide regulatory clarity for how investment advisers and funds can manage digital assets. This development is significant for the evolving landscape of digital asset regulation in the United States.
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