U.S. SEC Moves Towards Crypto Custody Regulation
- The U.S. SEC plans to propose new regulations for crypto custody after approval from the Office of Management and Budget.
- In December, the SEC issued an interim guidance for broker-dealers on handling crypto custody.
- A rule allowing investment advisers to use state-chartered trusts as qualified crypto custodians is set for September.
- Previous custody rules proposed in a different regulatory environment were abandoned after changes in SEC leadership.
- The SEC’s ongoing agenda includes proposals for tokenized securities and guidelines for stablecoins.
The SEC is working to establish a regulatory framework for crypto custody that aligns with current market practices, aiming to clarify how various crypto assets are treated under the law.
With new proposals expected following OMB approval, the agency seeks to create a structured approach to digital assets, reflecting its evolving stance on stablecoins and non-security crypto assets.
