October 2nd 2026, 1:07 AM
Crypto Custody Clearing Hurdle Falls
Key Summary
Custody requirements have kept some investment advisers from offering certain crypto to clients, a regulatory hurdle the SEC’s proposal could remove.
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Key Points
The SEC is proposing to clear a key regulatory hurdle for investment advisers offering cryptocurrency to clients.Background
Custody requirements have kept some investment advisers from offering certain crypto to clients, a regulatory hurdle the SEC’s proposal could remove.Proposed Rule Change
The proposed rule change seeks to alleviate concerns over the safety and security of digital assets, enabling advisers to expand their offerings and better serve their clients.This move aims to reduce the burden of custody requirements, which have limited some advisers from providing certain cryptocurrencies to their clients.
Next Steps
The SEC will review public comments on the proposed rule change before making a final decision.#Crypto#SEC#InvestmentAdvisers