SEC Proposes New Crypto Custody Rules as Robinhood Faces Volume Caps

The SEC has proposed new crypto custody rules that offer investment advisers and funds a clearer regulatory framework. The 760-page proposal allows self-custody, which is seen as a significant development for the industry.

However, Robinhood's stock-token volume may hit SEC caps, according to the company's Crypto Chief. This could have implications for investors who are trading tokenized commodities.

Solana has taken the lead over Robinhood in tokenized commodities trading, with a spot volume of $91.1 million between September 21 and September 27. The network's weekly market share reached 28%, surpassing Robinhood's 20%.