SEC issues crypto custody guidance for registered investment advisers

The SEC has issued guidance and proposed new custody rules for crypto assets held by registered investment advisers and funds. These initiatives aim to reshape crypto asset management by expanding custodian options while enhancing transparency and compliance. The measures provide essential clarity for investment firms and advisers, significantly impacting how digital assets are managed. By updating these frameworks, the SEC seeks to refine the regulatory environment for advisers and funds operating within the crypto asset sector.