Key Takeaways
According to CryptoSlate, the SEC's crypto custody rule rewrite entered White House review on Aug. 25, targeting October 2026 for a proposed rulemaking.
According to CryptoSlate, the SEC's crypto custody-rule rewrite for investment advisers and funds entered White House review on Aug. 25. Reported by Liam 'Akiba' Wright, the active pre-publication review affects advisers, investment companies, banks, and state trust companies handling crypto assets.
The Office of Information and Regulatory Affairs record lists the 'Amendments to the Custody Rules' as pending at the proposed-rule stage with no legal deadline, while October 2026 serves as an agency planning target. The published records leave the direction of any changes to eligibility, controls, or safeguards unresolved.
This new rulemaking follows the SEC's withdrawal of its 2023 safeguarding proposal in June 2025. In the interim, a Sept. 30, 2025 SEC investment-management staff no-action position has shaped the market, allowing registered advisers and regulated funds to treat certain state trust companies as banks for crypto custody under specified conditions. These conditions include asset segregation, barred rehypothecation without consent, risk disclosures, and best-interest determinations. Although the no-action letter lacks legal force, it provides the current practical baseline while the SEC custody rewrite moves through the regulatory frame.
Source & Fact-Check Note
This report is synthesized from coverage by CryptoSlate. Information has been fact-checked and structured for market clarity by CoinQuickly’s research desk.
Read original article at CryptoSlate ↗
