SEC Signals Support for Crypto Self-Custody Under Proposed Rules
SEC Chair Pushes Crypto Self-Custody in New Regulatory Framework
The chair of the U.S. Securities and Exchange Commission is pushing for crypto self-custody to be addressed in a new regulatory framework, placing control over digital assets at the center of the agency’s approach.
Self-custody allows individuals to hold and manage their own crypto assets rather than relying on an exchange or other third-party custodian. The policy direction signals that personal control of digital assets is expected to be an important consideration as regulators develop rules for the crypto industry.
The available information does not specify how the proposed framework would define self-custody, which assets or services it would cover, or what obligations it could place on individuals and companies. Those details will determine how the approach affects users, custodians, exchanges, and other market participants.
The move comes as regulators continue to consider how existing financial rules should apply to digital assets while accounting for the technology’s different models of ownership and control.
