SEC Sends Crypto Custody Rule Proposal to White House Review

The US Securities and Exchange Commission (SEC) is moving forward with a rule change that could significantly impact how crypto assets are held for clients. On August 25, 2026, the agency sent its 'Amendments to the Custody Rules' proposal to the White House Office of Information and Regulatory Affairs for review.

The new rule aims to clear up uncertainty about how investment advisers and funds can hold crypto assets while following SEC rules. The current lack of clarity has been a point of concern for firms, which have been asking for clearer guidance on crypto custody for years.

The proposal is part of the SEC's broader work on crypto policy, which connects to the current administration's digital asset agenda. This effort also ties into the stalled CLARITY Act market structure bill in the Senate, with a cloture vote expected in September.