SEC Revives Crypto Custody Rule Previously Shelved by Former Administration

The U.S. Securities and Exchange Commission (SEC) is moving forward with a crypto custody rule that was not implemented under the previous administration. This initiative aims to establish clearer regulatory guidelines for the custody of digital assets.

According to CoinDesk, the SEC is resurrecting this rule to address ongoing concerns around the safeguarding of cryptocurrencies held by institutional investors and custodians. The move signals a renewed focus on crypto regulation in the U.S. market.

For Japanese investors and firms, this development underscores the increasing global regulatory attention on crypto asset custody, which may influence cross-border operations and compliance requirements in the digital asset space.