SEC Moves Crypto Custody Rule Forward with White House Review
The proposal would clarify how advisers and funds hold crypto client assets as the SEC shifts toward formal rulemaking, Bloomberg reported.
- On Tuesday, August 25, 2026, the SEC submitted "Amendments to the Custody Rules" to The White House Office for review, aiming to clarify how investment advisers and investment companies can hold crypto assets for clients.
- Chair Paul Atkins pivoted the SEC from the previous administration's "regulation through enforcement" approach toward formal rulemaking, vowing to develop clearer regulatory frameworks for the digital asset industry.
- The proposed amendments apply to rules under both the Investment Advisers Act of 1940 and the Investment Company Act of 1940, addressing how firms can hold crypto assets while maintaining compliance with existing SEC requirements.
- Once The White House Office completes its review, the SEC's three Republican commissioners will vote on whether to publish the proposal for public comment, which would normally remain open for at least 60 days.
- This rulemaking proceeds separately as the Senate continues negotiating the CLARITY Act; Atkins maintained the SEC can address issues under existing powers while legislation would provide a more durable framework for matters requiring Congress.
22 Articles
22 Articles
(New York = Yonhap News) Correspondent Kim Yeon-sook = The U.S. Securities and Exchange Commission (SEC) has set out to revise regulations regarding the custody of clients' digital assets by investment advisory firms and investment companies...
SEC moves crypto custody rule forward with White House review
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SEC sends crypto custody rewrite to the White House as CLARITY Act stalls
The SEC has submitted a proposal to the White House to rewrite how investment advisers and funds hold crypto for clients. The CLARITY market-structure bill is stalling in the Senate, but the SEC is progressing on regulation through its own rulemaking. Selig will finalize CFTC rules with or without CLARITY The rule, called “Amendments to the Custody Rules,” was sent to the Office of Information and Regulatory Affairs on August 25. OIRA is the Whi…
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