#SECCryptoCustodyRules
About SECCryptoCustodyRules
The SEC has proposed a crypto-asset custody framework that would allow registered investment advisers to self-custody clients’ crypto assets if they meet security requirements, maintain insurance and undergo independent accountant examinations. The proposal also revise third-party custody requirements for regulated funds and advisers, and allow eligible state-chartered trust companies to serve as custodians. A 60-day public comment period would begin after publication in the Federal Register.
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The SEC proposal treats crypto custody less as a product feature than a governance function. Allowing adviser self-custody, but tying it to security controls, insurance, and independent examinations, could widen options while setting a high operational bar.
The comment period will show whether those safeguards are workable in practice.
#SECCryptoCustodyRules
SEC Chair Paul Atkins says the agency's proposed crypto custody framework would give investment advisers and funds a compliant path to hold crypto assets, and that more regulatory proposals are on the way. He argued onchain markets should not be pushed offshore. This is a proposal, not a rule, and the reports give no timeline or final text. Permission to hold an asset is not demand for it, so the real test is whether advisers actually use the path once it exists.
🇺🇸 SEC CHAIR PAUL ATKINS PROPOSES THE FIRST U.S. #BITCOIN AND CRYPTO RULEBOOK WITHOUT CLARITY 👀
“Our work is not finished. More regulatory proposals are on the horizon.”
The SEC has now proposed a crypto-specific custody framework for advisers and regulated funds.
In other words 👉 The SEC's crypto rulemaking push isn't stopping here.
Atkins says the goal is to modernize U.S. financial rules and keep onchain markets in America.
THE U.S. CRYPTO RULEBOOK IS STILL BEING BUILT. 🚀
Bitcoin's rally is flow-driven, not leverage-driven — funding rates sit at just 5.4% annualized, suggesting spot buying rather than speculative froth. The divergence from gold (which fell 8.5% in September while BTC rallied 12%) suggests this isn't a simple "debasement trade."
The immediate catalyst was the soft jobs data, but the structural driver is the SEC's innovation exemption issued Sept 17 the first genuine regulatory catalyst since the CLARITY Act failed.
#DailyOrbit
SEC proposes a compliant route for RIAs to hold crypto directly, with a path to institutional self-custody
"We have some fundamentally huge news, and it is this, directly from the United States Securities and Exchange Commission. This looks very official. It's their press release, SEC proposal would address how investment advisers and funds can custody crypto assets under the federal securities laws."
"This is the SEC proposing dedicated custody rules for registered investment advisers, investment funds and business development companies."
"This will create a compliant route for advisers and regulated funds to hold crypto directly."
"What's even more interesting, the SEC went a step further. They said funds and advisers could custody crypto themselves, but only in narrow circumstances."
"Here are the ways that they could custody themselves on behalf of their clients: no permitted custodian supports the asset, the adviser documents the necessary expertise, at least 2 people authorize transactions, cybersecurity and key management controls are reviewed, an independent accountant examines the system, the adviser checks quarterly whether an outside custodian has become available."
"This is literally institutional self custody. Doesn't mean that you as the client control your private keys, but it is self custody by the RIA on your behalf."
Bitcoin's rally is flow-driven, not leverage-driven — funding rates sit at just 5.4% annualized, suggesting spot buying rather than speculative froth. The divergence from gold (which fell 8.5% in September while BTC rallied 12%) suggests this isn't a simple "debasement trade."
The immediate catalyst was the soft jobs data, but the structural driver is the SEC's innovation exemption issued Sept 17 the first genuine regulatory catalyst since the CLARITY Act failed.
#BTCETHETFOutflows
Hashmeta_x
$ZEC — $1,333
Zcash slid 21% from its recent high. Now trading at $1,333, down 7.29% on the day.
THORChain launched a ZEC liquidity pool. Grayscale published research saying the bull run isn't over.
$1,233 is the pivot. Hold it → recovery. Lose it → deeper correction.
#ZECNears1700NewHigh
#AnthropicEyesNovIPO