Regulation· ★★★★· bullish·

SEC Orders Staff to Draft Rules Allowing Advisers to Self-Custody Crypto

  • —Atkins directed staff to draft rules allowing advisers to self-custody crypto
  • —The initiative was presented on September 14 at the Solana Policy Institute Summit
  • —State-chartered trust companies could act as custodians for funds
  • —No formal SEC proposal exists yet; official rulemaking is the next step
Why it matters: Dropping the mandatory external qualified custodian could ease institutional crypto access and cut costs for funds.
Source: Kryptoszene
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