SEC crypto custody rule moves to White House review

What happened

The Securities and Exchange Commission has forwarded a rule intended to modernize how investment advisers and funds custody digital assets to the White House for review. The action revives a custody-rule effort that the prior administration failed to land.

The move advances while a vote on the CLARITY Act remains stalled. The supplied record characterizes the development as an official regulatory action with potentially durable policy consequences.

Why it matters

Custody standards can shape how advisers and funds handle digital assets. Moving the proposal into White House review puts the SEC-led regulatory route in focus even as a legislative alternative is not advancing through a vote.

For market participants, the immediate significance is procedural rather than a confirmed final outcome. The record points to possible effects on adviser and fund access, but does not provide the proposed rule text or specific requirements.

What to watch

The next receipt is the White House review, including any public indication of its outcome and whether the proposal proceeds toward a finalized custody standard. Watch as well for movement on the CLARITY Act, which could affect the broader policy context.