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SEC submits crypto custody rule overhaul to White House for review
The U.S. Securities and Exchange Commission (SEC) has submitted a proposal to the White House Office of Management and Budget (OMB) to overhaul and modernize its crypto custody rules. The proposal, titled “Amendments to the Custody Rules,” was sent for review on August 25, 2026.
The rulemaking aims to clarify the regulatory framework for how investment advisers and investment companies hold digital assets for clients. It seeks to update existing requirements that were established before the rise of cryptocurrency and remove outdated provisions that the SEC deems no longer necessary for investor protection.
This move represents a significant shift in regulatory direction under SEC Chair Paul Atkins, moving away from the more restrictive safeguarding proposals seen in 2023. The proposal targets requirements under both the Investment Advisers Act and the Investment Company Act. Once the White House review is complete, the SEC is expected to publish the formal proposal, potentially by October 2026, followed by a public comment period of at least 60 days.
Entities
Donald Trump · Office of Management and Budget · Paul Atkins · Securities and Exchange Commission · United States Congress · White House
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] The proposal is categorized as deregulatory under President Donald Trump’s Executive Order 14192. www.tokenpost.com
- [○ 1 SOURCE] The rule change follows the withdrawal of a more restrictive safeguarding proposal from 2023. nosmokesport.com
- [● 9 SOURCES] The proposal was sent to the White House Office of Management and Budget (OMB) on August 25, 2026. nosmokesport.com · blockchainreporter.net · www.nadanews.com · www.cryptobreaking.com · www.tokenpost.com · +2 more
- [● 11 SOURCES] The SEC submitted a proposal to modernize crypto custody regulations for investment advisers and companies. blockcast.it · bitnewsbot.com · nosmokesport.com · blockchainreporter.net · www.nadanews.com · +4 more
- [○ 1 SOURCE] The proposal targets custody requirements under both the Investment Advisers Act and the Investment Company Act.
- [● 7 SOURCES] The rule change aims to remove outdated provisions that are no longer necessary for investor protection. blockcast.it · bitnewsbot.com · blockchainreporter.net · www.cryptobreaking.com · bitcoinmagazine.com · +1 more
- [○ 1 SOURCE] The proposed amendments are designated as RIN 3235-AN46. nosmokesport.com
- [● 2 SOURCES] The SEC expects to publish the proposed rulemaking by October 2026. www.tokenpost.com