US Regulators Advance Cryptocurrency Rules Across Trading, Clearing, and Custody
US regulators have been advancing proposals and guidelines across various areas of cryptocurrency trading, clearing, and custody. The Securities and Exchange Commission (SEC) recently proposed a rule that would allow registered investment advisers and regulated funds to self-custody crypto in specific circumstances.
The proposal, published on October 1, also permits state trust companies to serve as custodians under certain conditions. Public comments are due within 60 days of the proposal's publication in the Federal Register.
This is one of nine agency actions taken since August 18. Other measures include proposals for fundraising and transfer-agent rules updates. Some regulations have already taken effect, such as a temporary exemption for venues trading tokenized US stocks through permissioned automated market makers and liquidity pools.