SEC Proposes Regulatory Framework for Institutional Crypto Self-Custody

The U.S. Securities and Exchange Commission (SEC) has proposed new rules to provide regulatory clarity for investment advisers and funds regarding crypto custody. The proposal would allow funds to utilize self-custody for digital assets under specific conditions, moving away from outdated custody requirements designed for traditional assets. SEC Chairman Paul Atkins emphasized that the framework aims to replace uncertainty with a compliant pathway for the multi-trillion-dollar crypto sector.