SEC Crypto Custody Rule Enters White House Review

The regulatory framework governing how investment advisers and investment companies handle digital assets has moved forward. According to reporting by The Defiant, the Securities and Exchange Commission has entered a proposed rewrite of its custody rules into White House review as of August 25. The upcoming framework is designed to clarify digital asset custody standards for institutional players operating within the financial sector.

This latest regulatory step follows the withdrawal of a separate proposal previously introduced in 2023. As the crypto industry continues to navigate evolving oversight from federal agencies, builders and market participants are closely monitoring how the updated compliance requirements will reshape institutional crypto custody operations moving forward. The text of the revised proposal remains subject to review before any subsequent public release or official rulemaking steps are finalized by the administration.

Based on reporting by thedefiant.io.