Crypto HeadlinesSEC Allows Funds to Self-Custody Cryptocurrency
The U.S. Securities and Exchange Commission (SEC) has proposed allowing investment funds and companies to self-custody cryptocurrency assets without mandatory third-party custodians.
The proposed rules create a separate custody regime for digital assets for registered investment advisors and regulated funds. In certain cases, the regulator will allow self-custody, easing restrictions and opening access to broader crypto strategies.
Key aspects of the new SEC proposal include:
- Permission for investment companies to self-custody cryptocurrencies
- Admission of state-registered trust companies to store client crypto assets
- Creation of a special legal framework for digital assets
Currently, the document is in the proposal stage. After its publication, a 60-day public comment period will begin, during which stakeholders can submit their remarks and suggestions.
18.3K views
