SEC Revives Crypto Custody Rule Abandoned by Previous Administration
Source Summary
The SEC is pursuing a new crypto custody rule for investment advisers after a 2023 attempt to restrict where clients' digital assets could be held failed to advance. The regulator's current approach remains undisclosed to the public.
Why it matters
Crypto custody rules directly govern how investment advisers must safeguard client digital assets, making regulatory clarity essential for institutional participation in crypto markets.
What remains uncertain
The specific details and scope of the SEC's new custody rule approach remain undisclosed.
