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SEC Proposes Letting Advisers and Funds Hold Client Crypto When No Custodian Can

Unchained·October 2, 2026·1 min read
SEC Proposes Letting Advisers and Funds Hold Client Crypto When No Custodian Can

The SEC proposed letting advisers and funds hold client crypto when no custodian can, in a 760-page proposal. It would also allow state trust companies to act as crypto custodians. Public comments are open for 60 days after publication in the Federal Register, potentially easing custody challenges.

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