Wire · operational-macro
SEC Proposes Crypto Custody Rules for Advisers and Funds
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Fusion42 · 12 October 2026 · Fusion42 review
The U.S. SEC proposed new rules allowing registered investment advisers and regulated funds to custody crypto assets, including conditional self-custody and use of state-chartered trust companies as custodians. The proposal addresses gaps in existing rules not suited for crypto assets and imposes significant compliance requirements for advisers opting for self-custody.
This Wire brief sits within Fusion42's coverage of Fintech, and 13 sources have reported it between 22 Sep 2026 and 12 Oct 2026.
◆ ◆ The Wire takeaway
You face a new regulatory window to formally hold client crypto keys if banks won’t. Prepare to build compliance and auditing processes this quarter because the SEC is turning crypto custody from a grey zone into a regulated service.
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13 sources · first reported 22 Sep 2026 · latest 12 Oct 2026
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