SECGeneralOctober 6, 2026

SEC Proposes New Crypto Custody Rules for Investment Advisers and Funds

The SEC is proposing dedicated custody rules under both the Investment Company Act and the Investment Advisers Act to govern how registered investment advisers and regulated funds may hold client crypto funds and securities, along with updated recordkeeping, reporting, and Form ADV/Form N-CEN disclosure requirements — including new questions on tokenized private funds. Custodians, advisers, and funds holding or planning to hold crypto assets need to assess whether their current custody arrangements, internal controls, and disclosures will meet the proposed standards.

What to do

Conduct a gap analysis of your current crypto custody arrangements, recordkeeping practices, and Form ADV disclosures against the proposed requirements, and submit a comment letter before the deadline if the rules would materially affect your operations.

Who this affects

Crypto CustodianTrust CompanyBroker-Dealer / RIABank / Credit UnionOther

Does this affect your program?

Pick your institution type for an instant read on whether you're in scope — then see exactly which sections of your own policies this changes.

Source

Read the official publication

This radar entry is educational and does not constitute legal advice. Summaries are AI-assisted and grounded in the linked official source; always verify against the primary source and consult qualified legal counsel for jurisdiction-specific guidance.

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