Crypto Custody

The U.S. Securities and Exchange Commission has proposed new rules intended to clarify how investment advisers and regulated funds may custody client crypto assets. The proposal includes a limited pathway for adviser self-custody, recordkeeping and disclosure expectations, auditing requirements, and the potential use of state-chartered trusts as custodians.

BitGo says European crypto firms facing the MiCA deadline can use its Crypto-as-a-Service platform to transition clients into compliant sub-accounts. The move could give eligible firms a faster route to meet the new regulatory requirements.