SEC Proposes Crypto Custody Rules Expansion

The U.S. Securities and Exchange Commission (SEC) has proposed new rules to expand custody options for crypto assets, allowing investment advisors and funds to self-custody or use state trust companies as custodians.

This move aims to modernize custody rules, provide more investor choice, and enable regulated funds to offer a wider range of crypto-related investment strategies.

The SEC says it wants to give investors a clear regulatory framework for the custody of crypto assets, replacing uncertainty created by outdated rules.