Wire · operational-macro
SEC Proposes Last-Resort Crypto Self-Custody for Advisers and Funds
◆ Sectors
◆ Geography
◆ Source
◆ Verified
Fusion42 · 3 October 2026 · Fusion42 review
The US SEC proposes allowing registered investment advisers and funds to self-custody crypto assets as a last resort when no authorized custodian is available, under strict operational controls and oversight. The proposal aims to replace a previous 2023 plan and is open for a 60-day public comment period before any final rule adoption.
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
You can now prepare to serve funds needing tough self-custody setups when no approved crypto custodian exists. This opens a niche but demanding compliance opportunity for advisers navigating ill-supported tokens.
◆ Coverage
10 sources · first reported 22 Sep 2026 · latest 3 Oct 2026
◆ Related on Wire
◆ Topics