SEC Proposes Crypto Custody Rules for Investment Advisers and Funds

The U.S. Securities and Exchange Commission (SEC) has proposed a new regulatory framework for crypto custody by investment advisers and funds.

The proposal, which would allow self-custody under certain conditions, also permits state-chartered trust companies to serve as custodians for digital assets.

According to the proposal, investment advisers and funds would be allowed to use self-custody for digital assets if they meet certain requirements.

The SEC's proposal also includes a measure that would allow trust companies licensed by state governments to provide digital-asset custody services.