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SEC Press Releases·

SEC Proposal Would Address How Investment Advisers and Funds Can Custody Crypto Assets Under the Federal Securities Laws

  • The SEC proposed new rules on Oct. 1, 2026, to establish a tailored crypto asset custody framework for registered investment advisers & regulated funds.
  • The proposal aims to modernize custody regulations, remove barriers to crypto investment advice, & expand investor access to diverse crypto strategies.
  • SEC Chairman Paul S. Atkins stated the rules provide a compliant pathway to replace regulatory uncertainty that has persisted since 2008.
  • Amendments under the Investment Advisers Act of 1940 & the Investment Company Act of 1940 will update requirements for financial statement audits & broker-dealer custodial services.
  • The rules will permit crypto assets to be held in self-custody under specific circumstances & allow state trust companies to serve as custodians.
  • The public comment period will remain open for 60 days following the release's publication in the Federal Register.