SEC Proposes Letting Advisers and Funds Self-Custody Crypto Assets

Crypto Insight Summary: Investors could gain access to a wider range of crypto strategies under an SEC proposal. The plan would update longstanding safekeeping requirements for investment advisers and regulated funds under federal securities laws. Advisers and Funds Could Hold Crypto Directly Advisers could hold investors’ crypto directly when a permitted custodian is unavailable under custody changes proposed […] Crypto Insight Analysis: Direction: Bullish BTC / Bullish ETH Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: SEC proposal to allow direct crypto custody could increase institutional adoption.