Summary
On August 25, the SEC submitted its revised crypto custody rule to the White House Office of Management and Budget (OMB) for review, marking the start of formal rulemaking. The proposal updates custody requirements for investment advisers and funds holding crypto assets, affecting banks, state trus…
Key points
- Understanding SEC's crypto custody regulatory动向 is critical for financial institutions handling client assets.
- The rule will clarify which institutions can custody crypto and requirements, impacting market structure and investor protection.
- Investment advisers may need to adjust custody arrangements, raising compliance costs, while the crypto custody market becomes clearer.
Editorial note
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