SEC's Crypto Custody Roundtable Begins Tomorrow, Here's What You Should Know
The U.S. Securities and Exchange Commission (SEC) will hold its second crypto policy roundtable focusing on crypto asset custody rules and regulatory gaps. This event is part of a four-part series by the SEC’s Crypto Task Force aimed at discussing digital asset regulation. Opening remarks will be made by SEC Chairman Paul S. Atkins, who seeks to clarify regulations for the crypto industry. The roundtable includes two panels: "Custody Through Broker-Dealers and Beyond" and "Investment Adviser and Investment Company Custody." Current SEC rules require investment advisers to use qualified custodians for client funds and digital assets, but few firms meet these requirements for crypto assets. A 2023 SEC proposal to update these rules has faced criticism for not providing practical solutions for crypto-native firms. Participants include representatives from Fireblocks, Anchorage Digital Bank, Fidelity Digital Assets, Kraken, and BitGo, along with legal and academic experts. The session follows a previous roundtable on crypto trading and precedes discussions on tokenization and decentralized finance.
