{ "version": 1, "event_id": "evt_d14674c48b04e636", "url": "https://xiyu.news/events/evt_d14674c48b04e636/", "json": "https://xiyu.news/api/events/evt_d14674c48b04e636.json", "type": "other", "status": "developing", "category": "policy", "title": { "zh": "SEC提出加密资产托管规则框架", "en": "SEC Proposes Crypto Asset Custody Rule Framework" }, "current_state": { "zh": "一项涉及 Coinbase 的 SEC 托管规则进展正在扩大财富管理公司接触比特币的渠道，这标志着受监管机构持有和提供加密资产敞口的方式正在发生转变。", "en": "An SEC custody rule development involving Coinbase is widening Bitcoin access to wealth managers, signaling a shift in how regulated institutions can hold and offer crypto exposure." }, "first_seen_at": "2026-08-27T08:00:00+08:00", "last_updated_at": "2026-10-06T03:17:35.923508+00:00", "last_material_change_at": "2026-10-06T03:17:35.923508+00:00", "confidence": 0.75, "updates_count": 7, "sources_count": 12, "entities": [ "address", "advisers", "assets", "can", "clear", "coinbase", "crypto-custody", "custody", "federal", "funds", "hold", "how", "investment", "investment-advisers", "last", "laws", "new", "proposal", "proposes", "resort", "route", "rules", "sec", "securities", "self", "self-custody", "under", "washington", "would" ], "identifiers": [], "topics": [ "coinbase", "compliance-costs", "crypto-custody", "crypto-regulation", "custody", "investment-advisers", "qualified-custodian", "sec", "self-custody", "us-policy" ], "updates": [ { "update_id": "upd_460fed59b17faf8c", "event_id": "evt_d14674c48b04e636", "occurred_at": "2026-08-27T08:00:00+08:00", "published_at": "2026-08-27T08:00:00+08:00", "first_seen_at": "2026-08-27T08:00:00+08:00", "time_precision": "edition", "update_type": "initial", "material_change": true, "title_zh": "SEC重启此前未通过的加密托管规则", "title_en": "SEC revives crypto custody rule that previously failed to pass", "what_changed_zh": "SEC重启此前未通过的加密托管规则", "what_changed_en": "SEC revives crypto custody rule that previously failed to pass", "current_state_zh": "SEC重启此前未通过的加密托管规则", "current_state_en": "SEC revives crypto custody rule that previously failed to pass", "detailed_summary_zh": "美国证券交易委员会（SEC）正在重启其《保护咨询客户资产规则》提案，该规则将要求投资顾问将客户的数字资产交由合格托管人保管。前一届政府未能最终敲定该规则，SEC现已重新开放意见征询期。\n\n若该规则获得通过，将重新定义加密资产的机构托管要求，实施更严格的安全保障措施，并可能限制自我托管或非合格托管人的使用。这可能会对机构采用率和数字资产的整体市场结构产生重大影响。\n\n该规则源自1940年《投资顾问法》，并將重新指定规则206(4)-2。关键要求包括顾问必须将客户资产交由“合格托管人”保管，而数字资产在占有和控制定义方面带来独特挑战。", "detailed_summary_en": "The SEC is resurrecting its proposed Safeguarding Advisory Client Assets rule, which would require investment advisers to place client digital assets with qualified custodians. The previous administration failed to finalize this rule, and the SEC has reopened the comment period for it.\n\nIf adopted, this rule would redefine institutional custody requirements for crypto assets, imposing stricter safeguards and potentially limiting the use of self-custody or non-qualified custodians. It could significantly affect institutional adoption and the overall market structure of digital assets.\n\nThe rule originates under the Investment Advisers Act of 1940 and would redesignate Rule 206(4)-2. Key requirements include that advisers must place client assets with a 'qualified custodian,' with digital assets posing unique challenges for possession and control definitions.", "background_zh": "", "background_en": "", "community_discussion_zh": "", "community_discussion_en": "", "market_impact_zh": "", "market_impact_en": "", "importance_score": 8.5, "references": [], "confidence": 0.75, "story_ids": [ "rss:www.coindesk.com_arc_outboundfeeds_rss_:042887991f500c88" ], "sources": [ { "url": "https://www.coindesk.com/news-analysis/2026/08/26/sec-resurrecting-u-s-crypto-custody-rule-the-previous-administration-failed-to-land", "label": "CoinDesk", "source_type": "rss", "official": false } ] }, { "update_id": "upd_316a737df7d19128", "event_id": "evt_d14674c48b04e636", "occurred_at": "2026-10-01T16:16:07Z", "published_at": "2026-10-01T16:16:07Z", "first_seen_at": "2026-10-01T22:41:09.147378Z", "time_precision": "published", "update_type": "confirmation", "material_change": true, "title_zh": "SEC提案将解决投资顾问和基金如何依据联邦证券法托管加密资产的问题", "title_en": "SEC Proposal Would Address How Investment Advisers and Funds Can Custody Crypto Assets Under the Federal Securities Laws", "what_changed_zh": "SEC提出新规则和修订，为注册投资顾问和受监管基金如何依据联邦证券法托管加密资产建立量身定制的框架。", "what_changed_en": "The SEC proposed new rules and amendments establishing a tailored framework for how registered investment advisers and regulated funds may custody crypto assets under the federal securities laws.", "current_state_zh": "SEC提出新规则和修订，为注册投资顾问和受监管基金如何依据联邦证券法托管加密资产建立量身定制的框架。", "current_state_en": "The SEC proposed new rules and amendments establishing a tailored framework for how registered investment advisers and regulated funds may custody crypto assets under the federal securities laws.", "detailed_summary_zh": "The SEC proposed new rules and amendments establishing a tailored framework for how registered investment advisers and regulated funds may custody crypto assets under the federal securities laws.", "detailed_summary_en": "The SEC proposed new rules and amendments establishing a tailored framework for how registered investment advisers and regulated funds may custody crypto assets under the federal securities laws.", "background_zh": "该提案是在SEC近期一系列加密相关举措之后提出的，包括上月的“创新豁免”（Innovation Exemption）和8月的Reg Crypto文件。此前SEC还曾发布不采取执法行动函，允许投资顾问使用州特许信托公司作为加密资产的合格托管人。自成立以来一直领导SEC加密工作组的委员赫斯特·皮尔斯将于周五离任；SEC本周已将构成法定人数所需的委员人数从三名减至两名。", "background_en": "The proposal follows other recent SEC crypto-related releases, including last month's Innovation Exemption and August's Reg Crypto publications. It also follows prior SEC no-action relief allowing investment advisers to use state-chartered trust companies as qualified custodians for crypto assets. Commissioner Hester Peirce, who has led the agency's Crypto Task Force since its inception, leaves the agency on Friday; the SEC moved this week to reduce the number of commissioners required for a quorum from three to two.", "community_discussion_zh": "", "community_discussion_en": "", "market_impact_zh": "该提案针对的是机构资金进入加密市场的托管通道：它将界定哪些机构——包括州特许信托公司——可以持有客户的加密资产，并规定注册投资顾问直接持有这些资产的条件。由于这仍是一项需经60天意见征询的提案而非最终规则，其对托管安排和资产管理机构参与度的影响仍取决于后续立法进程。", "market_impact_en": "The proposal targets the custody channel through which institutional capital reaches crypto markets: it would define which entities — including state-chartered trusts — can hold client crypto assets, and set conditions under which registered advisers may hold them directly. Because it is a proposal subject to a 60-day comment period rather than a final rule, its effect on custody arrangements and asset-manager participation remains contingent on the rulemaking process.", "importance_score": 8.5, "references": [ { "url": "https://www.sec.gov/newsroom/speeches-statements/uyeda-statement-proposed-amendments-custody-rules-100126", "title": "Statement on Proposed Amendments to the Custody Rules - SEC.gov" }, { "url": "https://www.sec.gov/files/custody-rule-modernization-model-framework-121925.pdf", "title": "Custody Rule Modernization: A Model Framework for Crypto ..." }, { "url": "https://www.binance.com/en-TR/square/post/09-30-2025-sec-approves-state-trust-companies-as-qualified-custodians-for-crypto-assets-30405233682258", "title": "SEC Approves State Trust Companies as Qualified Custodians for..." } ], "confidence": 0.75, "story_ids": [ "rss:www.sec.gov_news_pressreleases.rss:a5e3dce6f92bfacc", "rss:decrypt.co_feed:331931c1173868bd", "rss:www.theblock.co_rss.xml:8ea86a52290391b0" ], "sources": [ { "url": "https://www.sec.gov/newsroom/press-releases/2026-100-sec-proposal-would-address-how-investment-advisers-funds-can-custody-crypto-assets-under-federal", "label": "SEC Press Releases", "source_type": "rss", "official": false }, { "url": "https://decrypt.co/379899/sec-proposes-rules-advisers-funds-hold-crypto", "label": "Decrypt", "source_type": "rss", "official": false }, { "url": "https://www.theblock.co/news/regulation/2026-10-01-sec-proposes-crypto-custody-rule-investment-advisers-funds-417498", "label": "The Block", "source_type": "rss", "official": false } ] }, { "update_id": "upd_141f2707fa096ec5", "event_id": "evt_d14674c48b04e636", "occurred_at": "2026-10-01T20:16:47Z", "published_at": "2026-10-01T20:16:47Z", "first_seen_at": "2026-10-01T22:41:16.395665Z", "time_precision": "published", "update_type": "confirmation", "material_change": true, "title_zh": "SEC为投资顾问提出加密自托管路径", "title_en": "SEC Proposes Crypto Self-Custody Route for Investment Advisers", "what_changed_zh": "SEC 提案新增内容：允许投资顾问通过自我托管安排托管加密资产，并对通过州信托公司托管设定条件；公众评论期在《联邦公报》发布后 60 天。", "what_changed_en": "The SEC proposal adds a self-custody route for investment advisers and conditions for custody via state trust companies, with a 60-day public comment period after Federal Register publication.", "current_state_zh": "SEC 已提出针对注册投资顾问和受监管基金托管加密资产的定制化框架，其中包括自我托管途径、州信托公司托管条件，以及 60 天的公众评论期。", "current_state_en": "The SEC has proposed a tailored framework for crypto asset custody by registered investment advisers and regulated funds, including a self-custody route, conditions for state trust company custody, and a 60-day public comment period.", "detailed_summary_zh": "The SEC proposed a framework allowing investment advisers to custody crypto through self-custody arrangements, while imposing conditions on custody via state trust companies, with public comments open for 60 days after Federal Register publication.", "detailed_summary_en": "The SEC proposed a framework allowing investment advisers to custody crypto through self-custody arrangements, while imposing conditions on custody via state trust companies, with public comments open for 60 days after Federal Register publication.", "background_zh": "", "background_en": "", "community_discussion_zh": "", "community_discussion_en": "", "market_impact_zh": "", "market_impact_en": "", "importance_score": 8.0, "references": [], "confidence": 0.96, "story_ids": [ "rss:thedefiant.io_api_feed:8067d171bc8e10a3" ], "sources": [ { "url": "https://thedefiant.io/converge/regulation/sec-proposes-crypto-self-custody-route-for-investment-advisers", "label": "The Defiant", "source_type": "rss", "official": false } ] }, { "update_id": "upd_0a5c193d50d514fa", "event_id": "evt_d14674c48b04e636", "occurred_at": "2026-10-01T20:20:04Z", "published_at": "2026-10-01T20:20:04Z", "first_seen_at": "2026-10-01T22:41:12.714179Z", "time_precision": "published", "update_type": "escalation", "material_change": true, "title_zh": "SEC为投资顾问和基金提出新的加密托管规则", "title_en": "SEC proposes new crypto custody rules for investment advisers and funds", "what_changed_zh": "SEC正式提出加密托管规则提案，为投资顾问和基金明确加密资产托管框架，包括有限度的自我托管选项，并开放60天公众评论期。", "what_changed_en": "SEC formally proposed a crypto custody rule for investment advisers and funds, clarifying custody requirements, allowing limited self-custody, and opening a 60-day public comment period.", "current_state_zh": "SEC已提出加密托管规则提案，开放60天公众评论，规则制定进入正式提案阶段。", "current_state_en": "SEC has proposed its crypto custody rule, opening a 60-day public comment period; the rulemaking has advanced to formal proposal stage.", "detailed_summary_zh": "The SEC proposed a new crypto custody rule clarifying which entities may hold crypto assets for investment advisers' and funds' clients, including a limited self-custody option, as part of the agency's broader digital assets rulemaking push.", "detailed_summary_en": "The SEC proposed a new crypto custody rule clarifying which entities may hold crypto assets for investment advisers' and funds' clients, including a limited self-custody option, as part of the agency's broader digital assets rulemaking push.", "background_zh": "", "background_en": "", "community_discussion_zh": "", "community_discussion_en": "", "market_impact_zh": "", "market_impact_en": "", "importance_score": 8.0, "references": [], "confidence": 0.9, "story_ids": [ "rss:www.coindesk.com_arc_outboundfeeds_rss_:aa47f35b5f08bd47" ], "sources": [ { "url": "https://www.coindesk.com/policy/2026/10/01/u-s-sec-maps-out-crypto-custody-in-new-proposal-that-furthers-its-digital-assets-agenda", "label": "CoinDesk", "source_type": "rss", "official": false } ] }, { "update_id": "upd_70e849389674ac59", "event_id": "evt_d14674c48b04e636", "occurred_at": "2026-10-02T01:15:28Z", "published_at": "2026-10-02T01:15:28Z", "first_seen_at": "2026-10-02T02:31:54.504149Z", "time_precision": "published", "update_type": "confirmation", "material_change": true, "title_zh": "【美 SEC 拟为加密资产托管建立专门监管框架，提出新提案】", "title_en": "【美 SEC 拟为加密资产托管建立专门监管框架，提出新提案】", "what_changed_zh": "美国SEC提出了一套新的监管框架，规范投资顾问和受监管基金的加密资产托管，依据前互联网时代的规则建立合规路径，允许州信托公司担任托管人，并在没有合格托管人的有限情况下允许顾问自行托管。", "what_changed_en": "The U.S. SEC proposed a new regulatory framework governing crypto asset custody by investment advisers and regulated funds, establishing a compliance path under pre-internet rules, permitting state trust companies to serve as custodians, and allowing adviser self-custody in limited cases where no qualified custodian exists.", "current_state_zh": "美国SEC提出了一套新的监管框架，规范投资顾问和受监管基金的加密资产托管，依据前互联网时代的规则建立合规路径，允许州信托公司担任托管人，并在没有合格托管人的有限情况下允许顾问自行托管。", "current_state_en": "The U.S. SEC proposed a new regulatory framework governing crypto asset custody by investment advisers and regulated funds, establishing a compliance path under pre-internet rules, permitting state trust companies to serve as custodians, and allowing adviser self-custody in limited cases where no qualified custodian exists.", "detailed_summary_zh": "The U.S. SEC proposed a new regulatory framework governing crypto asset custody by investment advisers and regulated funds, establishing a compliance path under pre-internet rules, permitting state trust companies to serve as custodians, and allowing adviser self-custody in limited cases where no qualified custodian exists.", "detailed_summary_en": "The U.S. SEC proposed a new regulatory framework governing crypto asset custody by investment advisers and regulated funds, establishing a compliance path under pre-internet rules, permitting state trust companies to serve as custodians, and allowing adviser self-custody in limited cases where no qualified custodian exists.", "background_zh": "", "background_en": "", "community_discussion_zh": "", "community_discussion_en": "", "market_impact_zh": "", "market_impact_en": "", "importance_score": 7.5, "references": [], "confidence": 0.75, "story_ids": [ "telegram:foresightnews:119583", "rss:cointelegraph.com_rss:8c9d9e8ec034da40", "google_news:article:6e660cb71df69cc1", "google_news:article:4d06e4066a29a869" ], "sources": [ { "url": "https://foresightnews.pro/news/h5Detail/114413", "label": "foresightnews", "source_type": "telegram", "official": false }, { "url": "https://cointelegraph.com/news/sec-moves-to-clear-custody-hurdle-for-advisers-offering-crypto?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound", "label": "Cointelegraph", "source_type": "rss", "official": false }, { "url": "https://www.cnbc.com/2026/10/02/sec-bitcoin-crypto-proposal.html", "label": "CNBC", "source_type": "google_news", "official": false }, { "url": "https://www.financemagnates.com/cryptocurrency/regulation/sec-proposes-last-resort-crypto-self-custody-for-advisers-and-funds/", "label": "Finance Magnates", "source_type": "google_news", "official": false } ] }, { "update_id": "upd_f256ff0eaadd6bf2", "event_id": "evt_d14674c48b04e636", "occurred_at": "2026-10-03T01:30:40Z", "published_at": "2026-10-03T01:30:40Z", "first_seen_at": "2026-10-03T02:17:09.775412Z", "time_precision": "published", "update_type": "escalation", "material_change": true, "title_zh": "SEC新加密规则威胁小型顾问，但大公司胜出", "title_en": "New SEC crypto rules threaten small advisers, but big firms win", "what_changed_zh": "SEC 提出的加密托管备选方案将允许投资顾问在无合格托管人可用时持有所覆盖的客户加密资产，但其建模的每位顾问每年 433,833 美元成本以及未量化的技术支出，可能使该服务主要对大型公司可行。", "what_changed_en": "The SEC's proposed crypto custody fallback would allow investment advisers to hold covered client crypto assets when no eligible custodian is available, but its modeled $433,833 annual per-adviser cost and unquantified technology spend could make the service viable mainly for large firms.", "current_state_zh": "SEC 提出的加密托管备选方案将允许投资顾问在无合格托管人可用时持有所覆盖的客户加密资产，但其建模的每位顾问每年 433,833 美元成本以及未量化的技术支出，可能使该服务主要对大型公司可行。", "current_state_en": "The SEC's proposed crypto custody fallback would allow investment advisers to hold covered client crypto assets when no eligible custodian is available, but its modeled $433,833 annual per-adviser cost and unquantified technology spend could make the service viable mainly for large firms.", "detailed_summary_zh": "The SEC's proposed crypto custody fallback would allow investment advisers to hold covered client crypto assets when no eligible custodian is available, but its modeled $433,833 annual per-adviser cost and unquantified technology spend could make the service viable mainly for large firms.", "detailed_summary_en": "The SEC's proposed crypto custody fallback would allow investment advisers to hold covered client crypto assets when no eligible custodian is available, but its modeled $433,833 annual per-adviser cost and unquantified technology spend could make the service viable mainly for large firms.", "background_zh": "", "background_en": "", "community_discussion_zh": "", "community_discussion_en": "", "market_impact_zh": "", "market_impact_en": "", "importance_score": 7.0, "references": [], "confidence": 0.75, "story_ids": [ "rss:cryptoslate.com_feed_:7e0f57f249299283" ], "sources": [ { "url": "https://cryptoslate.com/new-sec-crypto-rules-threaten-small-advisers-but-big-firms-win/", "label": "CryptoSlate", "source_type": "rss", "official": false } ] }, { "update_id": "upd_3e668f2db724a570", "event_id": "evt_d14674c48b04e636", "occurred_at": "2026-10-05T23:46:35Z", "published_at": "2026-10-05T23:46:35Z", "first_seen_at": "2026-10-06T03:17:35.923508Z", "time_precision": "published", "update_type": "escalation", "material_change": true, "title_zh": "SEC 托管规则搅动 Coinbase，比特币如今向财富管理公司开放", "title_en": "Bitcoin now for wealth managers as SEC custody rule stirs Coinbase", "what_changed_zh": "一项涉及 Coinbase 的 SEC 托管规则进展正在扩大财富管理公司接触比特币的渠道，这标志着受监管机构持有和提供加密资产敞口的方式正在发生转变。", "what_changed_en": "An SEC custody rule development involving Coinbase is widening Bitcoin access to wealth managers, signaling a shift in how regulated institutions can hold and offer crypto exposure.", "current_state_zh": "一项涉及 Coinbase 的 SEC 托管规则进展正在扩大财富管理公司接触比特币的渠道，这标志着受监管机构持有和提供加密资产敞口的方式正在发生转变。", "current_state_en": "An SEC custody rule development involving Coinbase is widening Bitcoin access to wealth managers, signaling a shift in how regulated institutions can hold and offer crypto exposure.", "detailed_summary_zh": "An SEC custody rule development involving Coinbase is widening Bitcoin access to wealth managers, signaling a shift in how regulated institutions can hold and offer crypto exposure.", "detailed_summary_en": "An SEC custody rule development involving Coinbase is widening Bitcoin access to wealth managers, signaling a shift in how regulated institutions can hold and offer crypto exposure.", "background_zh": "", "background_en": "", "community_discussion_zh": "", "community_discussion_en": "", "market_impact_zh": "", "market_impact_en": "", "importance_score": 7.5, "references": [], "confidence": 0.75, "story_ids": [ "google_news:article:bb9e8b3fdff1865f" ], "sources": [ { "url": "https://www.digitaltoday.co.kr/en/view/110806/bitcoin-now-for-wealth-managers-coinbase-stirs-on-sec-custody-rule", "label": "digitaltoday.co.kr", "source_type": "google_news", "official": false } ] } ] }