SEC Proposes New Crypto Custody Framework for Investment Advisers
Key Facts
The U.S. Securities and Exchange Commission proposed a new crypto custody framework targeting Registered Investment Advisers (RIAs) and regulated funds. Seeking Alpha reported that the agency introduced these rules and amendments on Thursday to provide a tailored structure for digital asset custody, which includes registered investment companies.
The proposal seeks to establish formal regulatory standards for the safekeeping of crypto assets within the institutional financial system. This regulatory step is designed to define how investment advisers and funds handle digital assets, though the broader market impact remains subject to final compliance costs and rule implementations as of October 1, 2026.
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Update: SEC Chairman Paul Atkins admitted that federal securities rules have failed to keep pace with Bitcoin's rapid growth since its 2008 launch. These remarks underscore the current regulatory drive to bridge the gap between existing legislation and the institutional expansion of digital assets.