Statement on Proposal to Address the Custody of Crypto Assets Under the Investment Advisers Act and the Investment Company Act
Why this matters
This is a speech/statement from SEC Chairman Atkins regarding a proposal to address custody of crypto assets under the Investment Advisers Act and Investment Company Act. As a statement rather than a final rule or consultation document, it is informational in nature (urgency: null). However, it carries noteworthy regulatory signals about how the SEC intends to regulate crypto custody for investment advisers and funds, making it a significance level 3. The content directly supports Crypto & Digital Assets and Investment Management sectors, with Authorisation & Licensing and Prudential/Capital Requirements topics (custody is a prudential safeguard). Firm types are Asset Manager and Wealth Manager, as these are the regulated entities under the Investment Advisers Act and Investment Company Act.
AI-generated classification rationale, not a full analysis. Verify with the original SEC source before acting. Full disclaimer.
What the SEC said
Chairman Paul S. Atkins
Published by SEC . Read the full notice at the source for the authoritative text.
Context
Securities and Exchange Commission (SEC) — Primary regulator of US securities markets. We track 352 updates from them.
US financial regulation is overseen by multiple agencies including the SEC, CFTC, Federal Reserve, OCC and FDIC. Browse all United States updates.
This update is classified under Authorisation & Licensing, Prudential / Capital Requirements, Crypto & Digital Assets and Investment Management.