SEC proposes new crypto custody rules for investment advisers and funds
60-second summary
The SEC proposes new crypto‑custody rules requiring investment advisers and funds to obtain written custody agreements, undergo annual audits and maintain detailed records, aiming to tighten oversight of digital asset holdings.
The regulator issued a proposed rule for custody, marking a swan song for its inaugural Crypto Task Force chief, Commissioner Hester Peirce, who exits this week.