SEC proposes rules letting advisers and funds self-custody crypto
Bitcoin $84,622▼ −1.54% 24has of Oct 3, 2026, 2:50 AM ET
The SEC proposed a framework that would let investment advisers and regulated funds hold crypto directly — including self-custody where no permitted custodian exists — with a 60-day comment period.
State trust companies would also qualify as custodians under the proposal.
Chairman Paul Atkins: “Our rules and regulations have not kept pace.”
Commissioner Hester Peirce urged regulators to “zealously protect investors’ right to self-custody.”