Wire · regulatory
SEC Crypto Custody Proposal Draws Divisive Reactions
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Fusion42 · 3 October 2026 · Fusion42 review
The SEC has proposed new rules allowing registered investment advisers (RIAs) to self-custody clients' crypto assets under strict conditions, following Congress's failure to pass digital asset legislation. The proposals aim to address the shortage of qualified custodians able to hold the growing variety of crypto assets, but have sparked mixed reactions from industry groups.
This Wire brief sits within Fusion42's coverage of Fintech, and 10 sources have reported it between 22 Sep 2026 and 3 Oct 2026.
◆ ◆ The Wire takeaway
Allowing RIAs to self-custody crypto under strict safeguards lowers dependency on traditional custodians and opens a new compliance path for you managing crypto portfolios. This shift also raises your risk exposure, making robust cybersecurity and multi-person transaction controls essential now.
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10 sources · first reported 22 Sep 2026 · latest 3 Oct 2026
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