SEC Proposes New Crypto Custody Rules to Unlock Multi-Trillion Dollar Market Access
The US Securities and Exchange Commission (SEC) has proposed new rules for crypto asset custody to help advisers and funds navigate the complex digital asset sector.
The proposal aims to modernize outdated custody rules, which currently apply primarily to traditional assets, and provide more flexibility for qualified custodians, state trust companies, and limited self-custody options.
This is a significant step towards unlocking multi-trillion dollar market access for institutions looking to enter the crypto space while ensuring investor protections are maintained.
SEC Chair Paul Atkins noted that crypto has grown from a niche technology into a multi-trillion-dollar asset class, and regulatory frameworks have struggled to keep pace. The new rules would boost clarity for advisers and funds seeking exposure to digital assets.