SEC Proposal Would Address How Investment Advisers and Funds Can Custody Crypto Assets Under the Federal Securities Laws
Action Required: Review the proposed rule to understand if current crypto custody arrangements meet the new standards.
The SEC has proposed new rules to establish a formal framework for how registered investment advisers and funds must custody crypto assets. This regulatory update is crucial for advisors currently managing or considering crypto allocations, as it clarifies the legal requirements for safeguarding digital assets.
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