U.S.SEC Reportedly plans to propose a draft of digital asset custody rules that may allow self-custody under certain conditions

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【U.S.SEC reportedly plans to relax crypto asset custody rules, allowing investment advisers to self-custody Bitcoin under certain conditions】

The U.S. Securities and Exchange Commission (SEC) has proposed a draft of new digital asset custody rules that would allow investment advisers and regulated funds to custody Bitcoin and other crypto assets under certain conditions, while providing a formal regulatory pathway for state-chartered trust companies to become qualified crypto asset custodians. Under the proposal, when no qualified custodian is willing to provide services for a particular digital asset, an investment adviser could self-custody client assets if it meets strict conditions, including written documentation that a custodian is unavailable, reassessment every month, implementation of multi-person authorization for transfers, segregation of client wallet addresses, and independent audits. 3 Chairman Paul Atkins said that the current custody rules were primarily designed for traditional financial assets and can no longer accommodate the development of the digital asset market. The report noted that Bitcoin could become one of the main beneficiaries of the proposal because its institutional custody infrastructure is relatively mature. However, the relevant rules remain at the proposal stage and have not yet taken effect.SEC The chairman Paul Atkins stated that the current custody rules were primarily designed for traditional financial assets and can no longer accommodate the development of the digital asset market. The report noted that Bitcoin could become one of the main beneficiaries of the proposal because its institutional custody infrastructure is relatively mature. However, the relevant rules remain at the proposal stage and have not yet taken effect.

Key points

The U.S. Securities and Exchange Commission (SEC) has proposed a draft of new digital asset custody rules.
The draft would allow investment advisers and regulated funds to custody Bitcoin and other crypto assets under certain conditions.
Investment advisers seeking to self-custody must meet conditions including written documentation, reassessment every 3 months, multi-person authorization for transfers, segregation of client wallet addresses, and independent audits.
The draft would provide a regulatory pathway for state-chartered trust companies to become qualified crypto asset custodians.
SEC Chairman Paul Atkins said that the current custody rules were primarily designed for traditional financial assets.
The relevant rules remain at the proposal stage and have not yet taken effect.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

This Telegram report claims that the SEC is considering adjustments to digital asset custody rules. When a qualified custodian is unavailable and multiple conditions are met, investment advisers may self-custody assets such as clients' Bitcoin. This remains information about a proposal that has not taken effect.

Why it matters to readers

If the proposal's contents are accurate, some institutions may gain a compliant pathway to self-custody digital assets, and state-chartered trust companies may gain a regulatory pathway to become qualified custodians. However, the ultimate impact will depend on the final text.

Custody means that an institution holds assets and is responsible for security controls. Self-custody means that an investment adviser directly holds client assets while meeting regulatory conditions; it does not mean that the rules have taken effect.

Risks and unknowns

The source is a Telegram report; the evidence does not provide a SEC proposal number, announcement link, or original document.
The evidence alone cannot confirm SEC whether the rule has been formally proposed.
The proposal's final text, scope of application, and specific thresholds have not yet been determined.
The rules have not yet formally taken effect.

U.S.SEC Reportedly plans to propose a draft of digital asset custody rules that may allow self-custody under certain conditions

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