SEC Paves Way for Broader Crypto Custody by Investment Advisers
Reading Time: < 1 minute
The SEC has taken a key step to enable investment advisers to custody crypto assets with state-chartered trust companies.
In a new no-action letter, the Commission stated that such trusts can qualify as custodians for digital assets under the Investment Advisers Act.
This long-sought clarity allows traditional financial firms to manage cryptocurrencies for clients using a broader range of regulated partners. Analysts see the move as a thaw in the regulatory landscape, providing a structured alternative to the restrictive pressures of initiatives like “Operation Choke Point 2.0.”
Follow and like us on
