SEC’s Crypto Custody Proposal Could Change How Funds Hold Digital Assets

TL;DR: The SEC has proposed a tailored crypto custody framework for advisers and regulated funds, but the changes are not yet final.
The conversation about crypto access inside conventional investment funds is increasingly focused on custody. An SEC proposal released October 1 would modernise parts of the federal rules affecting how registered advisers and regulated funds safeguard digital assets.
According to the agency, the planned changes are intended to remove obstacles that prevent advisers