SEC Proposes New Rule on Crypto Asset Custody

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The U.S. Securities and Exchange Commission has issued a proposed rule concerning the custody of digital assets. This move advances the regulator's agenda for overseeing the crypto sector. The proposal was finalized as Commissioner Hester Peirce, who led the SEC's inaugural Crypto Task Force, prepares to depart this week. The rule outlines requirements for how registered investment advisers must safeguard crypto assets held for clients.

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