🚨 The SEC sends new crypto custody rules to the White House!
Can Wall Street’s money finally enter the crypto space compliantly?
Group:
点击进入玖玖的粉丝群🔸 On August 25, the SEC submitted a major overhaul of its crypto asset custody rules to the White House OIRA for review
🔸 Dual-track approach: covers the “Investment Advisers Act” + the “Investment Company Act,” giving institutions a clear posture for holding crypto
🔸 Background: Since Chairman Atkins took office, he’s been using “rules” to replace “enforcement”—the Coinbase case was dismissed, and meme coins have also been clearly ruled not to be securities
🔸 Last week, it also rolled out the “Regulation Crypto Assets” framework; next up is an innovation exemption for tokenized securities
In plain terms, the question this time is simple: for investment advisers and fund companies, can they hold clients’ crypto assets—and what kind of holding counts as compliant? That answer has been fuzzy for a long time, so big institutions only dare to wait and watch, keeping money largely off-exchange.
⚠️ Cold water: Sending it to the White House ≠ Implementation. OIRA may require changes; after that, there will be voting and a public request for comments. The timeline is measured in months, with plenty of variables along the way.
What’s really worth watching isn’t just the new rules themselves, but the fact that Wall Street’s custody giants finally have a compliance path—the pipeline for money to move in is being connected one by one.
Do you think institutional capital will accelerate its entry because of this? Let’s chat in the comments below👇
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