Crypto Custody

SEC

2026-08-27 10:28:43

SEC Sends New Crypto Custody Rule Proposal for Advisers to White House Review

The U.S. Securities and Exchange Commission has taken the first formal step toward rewriting custody rules for investment advisers that hold crypto assets, sending a proposal to the White House for review. The filing, logged by the Office of Information and Regulatory Affairs on Aug. 25 under RIN 3235-AN46, is labeled economically significant and deregulatory, and would amend rules under both the Investment Advisers Act of 1940 and the Investment Company Act of 1940. The SEC said the effort is meant to remove burdens created by outdated provisions that are no longer necessary for investor protection. A formal proposal is targeted for October. The move revives a fight the agency failed to finish in 2023, when the SEC under then-Chair Gary Gensler sought to require advisers to place client crypto with a narrow set of qualified custodians, including chartered banks or trust companies, SEC-registered broker-dealers, and CFTC-regulated futures commission merchants. That proposal drew objections from financial firms, crypto platforms, the Small Business Administration, and venture firm a16z, and it was later withdrawn. Under Chair Paul Atkins, the SEC has adopted a more crypto-friendly posture, while a separate agenda item would clarify broker-dealer compliance for crypto activities.

920

SEC

2026-08-27 03:03:23

SEC Sends Crypto Custody Rule to White House Review, Formal Proposal Targeted for October

The U.S. Securities and Exchange Commission has revived a crypto custody rulemaking that did not advance under the prior administration and has now sent the proposed measure to the White House Office of Management and Budget for review, according to an Aug. 26 report by CoinDesk. The proposal is meant to clarify how investment advisers and investment companies should custody crypto assets on behalf of clients. It would also remove older provisions that the SEC believes no longer provide the investor protections required after changes in digital asset markets and trading practices. The rule has been listed under the deregulation agenda tied to Executive Order 14192, signed by Donald Trump in January 2025, and is described in the source as part of a looser regulatory path. It also fits into SEC Chair Paul Atkins’ push to modernize the agency’s rulebook. Specific provisions have not yet been released and may still change before publication. Once the OMB review is complete, the SEC is expected to move toward a formal proposal. The agency currently has October marked for that proposal and the start of a public comment process, which typically runs for at least 60 days before a final rule is drafted and sent to the commission for a vote.

930

SEC

2026-08-26 23:12:26

SEC restarts unfinished crypto custody rulemaking from prior administration

The U.S. Securities and Exchange Commission is restarting work on a crypto custody rule that was not completed during the previous administration, according to Techub, citing CoinDesk. The move signals that the SEC is still pushing ahead with a regulatory framework for digital asset custody services. The update does not include additional details on the substance of the rulemaking, but it points to continued agency attention on how crypto assets are held and supervised within regulated custody arrangements. The development centers on custody oversight rather than trading or token issuance, and reflects an ongoing effort by the SEC to address digital asset infrastructure through formal rulemaking.

860

SEC

2026-08-26 23:03:34

SEC Revives U.S. Crypto Custody Rule That Failed to Advance Under Prior Administration

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.

810

SEC

2026-08-26 16:19:09

SEC sends crypto custody rule overhaul to White House for review

The US Securities and Exchange Commission is advancing a proposed rewrite of custody rules for investment advisers and investment companies, a move that could give institutions clearer guidance on how to hold crypto assets for clients under federal securities law. The proposal was sent on Aug. 25 to the Office of Information and Regulatory Affairs, which sits within the White House Office of Management and Budget, for review before it can return to the SEC. The text has not been made public, and OIRA can ask for changes before sending it back. After that, the commission would still need to vote on whether to release the proposal for public comment. According to the SEC’s regulatory agenda, the agency is weighing changes to existing rules or new ones under the Investment Advisers Act and the Investment Company Act. Bloomberg said the effort fits into a broader push tied to the Trump administration’s digital asset agenda, while the CLARITY market structure bill remains stalled in the Senate. The agency’s approach has also shifted under Chair Paul Atkins, who took over in 2025 and said crypto policy should be set through formal rulemaking rather than enforcement.

890

SEC

2026-08-26 19:59:50

SEC files proposal to update crypto custody rules

The U.S. Securities and Exchange Commission has submitted a proposed rule change aimed at updating the regulatory framework for crypto custody. According to the brief cited by Techub News, the proposal is designed to modernize existing rules and adjust oversight requirements for digital asset custodial service providers as the crypto industry evolves. The SEC said the new rules would strengthen protections for investor assets while spelling out the responsibilities and compliance standards expected of custodians. The proposal is described as part of the agency’s broader effort to refine its digital asset regulatory framework. If adopted, it is expected to affect exchanges, custodians and other related service providers involved in crypto asset handling and safekeeping.

870

SEC

2026-08-26 18:23:02

SEC prepares crypto custody rule rewrite for investment advisers

The U.S. Securities and Exchange Commission is preparing a broad revision of cryptocurrency custody rules for investment companies, with the stated aim of clarifying how investment advisers should hold digital assets on behalf of clients. The planned changes are expected to affect the way registered investment advisers manage client crypto holdings, covering standards tied to storage, protection, and recordkeeping. Techub, citing Cointelegraph, said the move is being viewed as an important step in the SEC’s institutional regulatory framework for digital assets. No additional implementation timeline or rule text was disclosed in the source material.

870

SEC

2026-08-26 17:02:53

SEC crypto custody rewrite enters White House review after prior safeguarding proposal was withdrawn

The U.S. Securities and Exchange Commission has moved a proposed rewrite of crypto custody rules into White House review, marking the next formal step in a new regulatory track after the agency scrapped a separate safeguarding proposal from 2023. According to the SEC’s 2026 regulatory agenda, the planned rule is meant to clarify how investment advisers and investment companies may custody crypto assets under existing Commission requirements. The agenda says the measure would apply to both investment adviser client assets and investment-company fund assets, while also removing burdens tied to provisions the agency now views as outdated. Public filings remain thin. The Office of Information and Regulatory Affairs lists the item under RIN 3235-AN46 at the proposed-rule stage, dated Aug. 25, and the SEC agenda ties that same identifier to action under both the Investment Advisers Act and the Investment Company Act. But neither source includes the actual draft text. The agenda also does not say which entities could qualify to hold crypto, what control standards would apply, or which current provisions the SEC plans to remove. The Commission previously withdrew its February 2023 safeguarding proposal in June 2025 and said any future action in this area would need a new proposed rule. The current agenda points to October 2026 for a notice of proposed rulemaking.

860