🏛 SEC PROPOSES CRYPTO CUSTODY RULES FOR FUNDS
The U.S. SEC unveiled a draft framework letting investment advisers and regulated funds custody Bitcoin and digital assets securely.
Applies to:
• Registered investment advisers
• Investment companies
• Business development companies
Key points:
- Crypto can be held via state-chartered trust firms under oversight.
- In limited cases, advisers may act as custodians for client crypto.
- SEC Chair Paul Atkins noted outdated custody rules need modernizing.
⚠️ This is a proposal, not final.
Public can comment for 60 days after Federal Register publication.
Note: “Self-custody” here means advisers—not every investor—managing client assets under strict conditions.
For Bitcoin, this boosts institutional infrastructure. Managers may soon hold BTC directly—cutting reliance on ETFs or third parties.
The path to institutional Bitcoin adoption widens.
#Bitcoin #CryptoRegulation #InstitutionalAdoption
Crypto Edge
The U.S. SEC unveiled a draft framework letting investment advisers and regulated funds custody Bitcoin and digital assets securely.
Applies to:
• Registered investment advisers
• Investment companies
• Business development companies
Key points:
- Crypto can be held via state-chartered trust firms under oversight.
- In limited cases, advisers may act as custodians for client crypto.
- SEC Chair Paul Atkins noted outdated custody rules need modernizing.
⚠️ This is a proposal, not final.
Public can comment for 60 days after Federal Register publication.
Note: “Self-custody” here means advisers—not every investor—managing client assets under strict conditions.
For Bitcoin, this boosts institutional infrastructure. Managers may soon hold BTC directly—cutting reliance on ETFs or third parties.
The path to institutional Bitcoin adoption widens.
#Bitcoin #CryptoRegulation #InstitutionalAdoption
Crypto Edge