The proposal would let advisers and funds use state trust companies as custodians and permit self-custody under certain conditions, aiming to replace years of ambiguity with a clear compliance path.
- The SEC has proposed new rules to clarify how investment advisers and funds can custody crypto assets, aiming to reduce regulatory ambiguity.
- The proposal would allow the use of state trust companies as custodians and permit self-custody under specific conditions, potentially increasing investor access to crypto strategies.
- This move is part of a broader regulatory effort to adapt to the growing crypto asset market, though the rules are still subject to public comment and potential revision.
Topics: Legal regulatory, Infrastructure providers, Institutional adoption, 3 1 securities law classification, 4 2 custody security solutions, 7 1 asset manager initiatives
Tags: #sec #cryptocustody #investmentadvisers #regulatedfunds #statetrustcompanies #selfcustody #regulatoryambiguity #compliancepath #assetholdingrules #institutionalcrypto