SEC Resurrects Crypto Custody Rule Proposal Amid Shift in Regulatory Philosophy

The U.S. Securities and Exchange Commission (SEC) has revived its proposal for crypto custody rules after its previous attempt in 2023 failed to gain approval.

The new effort, led by Chairman Paul Atkins, aims to modernize custody requirements for investment advisers and address digital assets specifically.

While the agency's regulatory agenda indicates a potential timeline of October, the proposal has not yet been formalized.