Current outcome
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.
Progress timeline
7 material updates- #01
SEC revives crypto custody rule that previously failed to pass
Source evidence: CoinDesk
- #02
SEC Proposal Would Address How Investment Advisers and Funds Can Custody Crypto Assets Under the Federal Securities Laws
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.
Source evidence: SEC Press Releases · Decrypt · The Block
- #03
SEC Proposes Crypto Self-Custody Route for Investment Advisers
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.
State after update: 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.
Source evidence: The Defiant
- #04
SEC proposes new crypto custody rules for investment advisers and funds
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.
State after update: SEC has proposed its crypto custody rule, opening a 60-day public comment period; the rulemaking has advanced to formal proposal stage.
Source evidence: CoinDesk
- #05
【美 SEC 拟为加密资产托管建立专门监管框架,提出新提案】
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.
Source evidence: foresightnews · Cointelegraph · CNBC · Finance Magnates
- #06
New SEC crypto rules threaten small advisers, but big firms win
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.
Source evidence: CryptoSlate
- #07
Bitcoin now for wealth managers as SEC custody rule stirs Coinbase
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.
Source evidence: digitaltoday.co.kr