The SEC has proposed groundbreaking rules that would establish the first comprehensive framework for how investment advisers and regulated funds may custody digital assets, introducing self-custody options and state trust company pathways that do not exist under current regulations. These proposed amendments to the Investment Company Act and Investment Advisers Act custody rules aim to eliminate longstanding regulatory uncertainty that has hindered institutional adoption of digital assets.
- The SEC has proposed new rules to establish a framework for investment advisers and regulated funds to custody digital assets, including options for self-custody and state trust companies.
- These proposals aim to reduce regulatory uncertainty, a key barrier to institutional adoption of digital assets, and will impact reporting and disclosure requirements.
- The framework addresses various aspects including accountant responsibilities, DeFi considerations, and the trading of digital assets, with a comment period open for industry feedback.
Topics: Legal regulatory, Infrastructure providers, Institutional adoption, Securities law classification, Custody security solutions, Banking depository pilots
Tags: #sec #digitalassets #custody #investmentadvisers #regulatedfunds #selfcustody #statetrustcompany #framework #regulatoryuncertainty #tokenizedsecurities
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