Crypto Custody

SEC

2026-08-27 01:28:22

SEC Sends Revived Crypto Custody Rule to White House Review, Shifting Away From Its 2023 Hard Line

The U.S. Securities and Exchange Commission has sent a new crypto custody rule concept to the White House Office of Management and Budget for review, reviving a regulatory effort that failed to reach final approval under former Chair Gary Gensler. The step places the proposal back on the formal administrative track before a public rulemaking draft can be released. What stands out is the change in tone. Unlike the SEC’s 2023 proposal, which sought to confine investment advisers to a narrow set of “qualified custodians” for client crypto holdings, the new agenda language points to modernization and the removal of provisions the agency now views as outdated. The rule is framed as covering crypto assets while updating custody requirements for advisory clients and fund assets more broadly. The earlier version drew sharp pushback from financial institutions, crypto platforms, regulators, the Small Business Administration, and venture firm a16z before being withdrawn last year. Under current Chair Paul Atkins, the agency has signaled a friendlier posture toward crypto businesses. Based on the public review schedule, the SEC could formally propose the rule as soon as October, though regulatory timelines have often slipped.

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SEC

2026-08-26 15:29:13

SEC Sends White House Proposal to Clarify and Update Crypto Custody Rules

The U.S. Securities and Exchange Commission has sent a rule change proposal to the White House that would clarify the custody framework for crypto assets held by investment advisers and investment companies. The filing says the agency wants to modernize custody regulations and remove burdens tied to provisions it now sees as outdated in light of changes in markets and in how securities are traded and held. The move lands after a delay in the expected vote on the Clarity Act, which pro-crypto lawmakers had hoped to pass before Congress left for its August recess. That vote has now slipped to September after Democrats objected to the latest draft. Even so, regulators including the SEC and the Commodity Futures Trading Commission have signaled they intend to keep moving on crypto rulemaking. Bitcoin Magazine also noted that the SEC earlier this month proposed a separate framework that would let token issuers raise money in the U.S. without violating securities laws, while President Donald Trump and SEC Chair Paul Atkins have both backed progress on the Clarity Act.

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SEC

2026-08-26 13:26:49

SEC sends crypto custody rule proposal to White House for review

The U.S. Securities and Exchange Commission has sent a new proposal on digital asset custody to the White House Office of Management and Budget for review, according to Bloomberg. The proposal, submitted on Aug. 25, would address how investment advisers and investment companies can hold crypto assets for clients without running afoul of SEC rules. Federal regulatory agenda documents say the measure is intended to clarify the custody framework for crypto assets. The SEC also said the proposal would remove some custody requirements it now considers outdated because of changes in markets, trading practices, and asset-holding methods. The move is part of Chair Paul Atkins’ push to modernize the agency’s regulatory framework. The full text has not yet been released and could still be changed during the White House review process. After that, it would go to a vote before the SEC, which is currently composed of three Republican commissioners. If approved, the agency would typically open a public comment period of at least 60 days before revising the proposal and holding another vote for a final rule.

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SEC

2026-08-26 13:23:00

SEC sends crypto custody rule proposal to White House for review

The U.S. Securities and Exchange Commission has submitted a proposed rule on how investment advisers hold clients’ digital assets to the White House Office of Management and Budget, according to Bloomberg. The proposal would clarify the framework governing how investment advisers and investment companies custody crypto assets, responding to questions from institutions over compliant digital asset custody. It would also remove parts of existing custody requirements that are now viewed as outdated because of market changes and current trading and custody practices. The proposal is being seen as part of financial regulators’ effort to advance the current administration’s crypto agenda while related legislation remains stalled in the Senate. Before the rule can take effect, it must still go through OMB review, a vote by SEC commissioners, and a public comment process.

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Copper

2026-08-25 13:56:45

Potential buyers value Copper at $200 million, far below prior $500 million offer

Crypto custody firm Copper is drawing interest from potential buyers, but the bids on the table are far below levels discussed earlier, according to CoinDesk, citing people familiar with the matter. The company, which was once valued at as much as $2.5 billion, has reportedly received offers of only $200 million. That compares with a $500 million offer made by Cantor Fitzgerald several months ago. The gap highlights how far current buyer interest sits below both Copper’s earlier valuation and prior acquisition interest. People familiar with the matter also said Copper is dealing with challenges tied to preferred shares after raising more than $300 million at a high valuation. The report points to pressure created by past fundraising terms as the firm weighs strategic interest from buyers.

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Bitcoin

2026-08-24 11:30:27

Rob says timing the exact Bitcoin bottom is unrealistic as the 200-week average remains a DCA zone

Crypto market commentator Rob said Bitcoin’s return to the 200-week moving average should be viewed less as a signal to call the exact bottom and more as a practical accumulation zone for long-term buyers. In an interview on The Milk Road Show, he walked through a rules-based dollar-cost averaging plan tied to a risk model: regular purchases at a 0.5 to 0.6 risk level, doubling buys below 0.49, moving to 4x below 0.39, and 8x below 0.29. He said current conditions place him around the 4x buy stage. Rob also discussed how he handles exits, saying he does not aim to sell at the exact top and instead trims positions in stages. He said technical tools such as MVRV and the Puell Multiple failed him in 2025, while a Reddit post built around the four-year cycle happened to call Oct. 6, 2025 as that cycle’s peak. Beyond price strategy, the interview focused heavily on custody risk. Rob said repeated security incidents involving hardware wallet brands and user data leaks have changed the self-custody discussion. His answer is diversification across custody channels, including hardware wallets, custodians and ETFs. On altcoins, he said his main non-Bitcoin basket is a four-token “BEST” lineup of BNB, ETH, SOL and TRX, chosen for their role in stablecoin activity.

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BitGo

2026-08-14 22:43:20

Mizuho cuts BitGo price target to $11, says Clarity Act delay could still help the firm

Mizuho lowered its price target for crypto custody company BitGo to $11 from $14 while keeping an "outperform" rating, according to an Odaily report. BitGo shares were trading at about $5.61 when the note was released. The bank’s view stands out because it argues that delays to the U.S. market structure bill known as the Clarity Act, widely seen by the market as a negative for the sector, may actually strengthen BitGo’s position. Mizuho said BitGo already operates the first federally chartered digital asset trust bank owned by a public company, which means its regulatory standing does not depend on passage of the new legislation. In the firm’s view, the longer the U.S. regulatory framework remains unsettled, the more value BitGo can extract from its existing licenses and compliance lead. The report added that the Clarity Act is designed to establish a market structure framework for digital assets in the United States and define the division of authority among regulators, but repeated negotiations on key issues have kept the bill from moving forward. That delay, Mizuho said, could raise barriers for new entrants and make BitGo’s status as a licensed and trusted operator more valuable.

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Copper

2026-08-13 08:40:04

Copper's US Subsidiary Secures SEC Broker-Dealer License and FINRA Membership

Copper, the UK-based crypto custody firm, has obtained a broker-dealer license registered with the US Securities and Exchange Commission (SEC) and become a member of the Financial Industry Regulatory Authority (FINRA) through its American subsidiary. The license expands Copper's compliant footprint in the US, letting the firm offer institutional clients regulated crypto custody and trading services. Copper is headquartered in the UK and already holds related licenses there and in Switzerland.

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