THE SEC JUST PROPOSED A NEW FEDERAL FRAMEWORK FOR CRYPTO CUSTODY SEC Chair Paul Atkins says the Commission is moving to close a major regulatory gap for crypto, proposing a clear pathway for investment advisers and regulated funds to lawfully custody digital assets their clients increasingly want exposure to. - A dedicated regulatory framework for crypto asset custody - A compliant pathway for investment advisers + regulated funds - Modernized rules around permitted crypto custodians - A solution for newer crypto assets where traditional custodial support can take months to arrive - Updates to custody rules originally designed decades before crypto, or even the modern internet - Part of a broader push to keep onchain markets and crypto innovation in the United States