SEC Chair Pushes Crypto Self-Custody in New Regulatory Framework

Crypto Insight Summary: SEC Chair Paul Atkins has asked staff to develop a proposal allowing investment advisers to self-custody crypto assets under certain conditions. The plan would also permit state trust companies to serve as custodians for advisers and regulated funds. Atkins Wants Advisers to Self-Custody Crypto Assets Investment advisers could gain a clearer path to holding crypto […] Crypto Insight Analysis: Direction: Bullish BTC / Bullish ETH Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Regulatory clarity on custody could boost institutional adoption.