The U.S. Securities and Exchange Commission is moving to revive a crypto custody rule for investment advisers, according to CoinDesk. The agency previously tried in 2023 to more narrowly limit where advisers could hold clients’ crypto assets, but that effort did not reach the finish line. The latest version is now being revisited, though key details have not been made public. What is clear from the available information is that the SEC is returning to a regulatory issue that remained unresolved after the prior push. The scope, structure, and timing of the renewed approach are still unclear, leaving the proposal largely out of public view for now.
The U.S. Securities and Exchange Commission is reviving a crypto custody rule in the United States, though the new approach has not been publicly detailed.
According to CoinDesk, the regulator tried in 2023 to more narrowly restrict where investment advisers could park clients’ crypto assets, but that proposal failed to land. The effort is now being revisited, with the latest approach still largely kept from public view.
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