October 1st 2026, 8:20 PM
SEC Sets New Crypto Custody Standards for Investment Advisers
Key Summary
The regulator issued a proposed rule for custody, marking a swan song for its inaugural Crypto Task Force chief, Commissioner Hester Peirce, who exits this week.
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Proposed Crypto Custody Rules
The SEC has proposed new rules for crypto custody, marking a significant development in the regulator's efforts to oversee the crypto market. The move comes as Commissioner Hester Peirce, the inaugural Crypto Task Force chief, exits the agency this week.Background
The proposed rule is part of the SEC's efforts to enhance the security and integrity of the crypto market.The new rules are expected to have a significant impact on investment advisers and funds that hold or manage crypto assets.
Next Steps
The proposed rule is open for public comment until a specified date.#SEC#Crypto#InvestmentAdvisers#CustodyRules