SEC Sends Crypto Custody Rule Overhaul to White House Review

The U.S. Securities and Exchange Commission has sent its long-awaited overhaul of crypto custody rules to the White House for review, moving it one step closer to public release.

The proposed amendments aim to clarify how investment advisers and companies safeguard client assets, including digital assets, under federal securities rules.

Industry participants have been watching this development closely as banks have urged the SEC to align any new framework with existing safeguards rather than construct a separate regulatory regime.