{"id":78227,"date":"2026-09-16T02:04:33","date_gmt":"2026-09-16T02:04:33","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/sec-chair-pushes-crypto-self-custody-in-new-regulatory-framework\/"},"modified":"2026-09-16T02:04:33","modified_gmt":"2026-09-16T02:04:33","slug":"sec-chair-pushes-crypto-self-custody-in-new-regulatory-framework","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/sec-chair-pushes-crypto-self-custody-in-new-regulatory-framework\/","title":{"rendered":"SEC Chair Pushes Crypto Self-Custody in New Regulatory Framework"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Atkins wants SEC rules to permit adviser self-custody under conditions.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">State trust companies could also qualify to hold crypto assets.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Custody would become one pillar of a broader SEC crypto framework.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Atkins Wants Advisers to Self-Custody Crypto Assets<\/h2>\n<p>Investment advisers could gain a clearer path to holding crypto assets directly for clients under a regulatory proposal being developed at the Securities and Exchange Commission (SEC). Chairman Paul Atkins disclosed the initiative Sept. 14 during <a href=\"https:\/\/www.sec.gov\/newsroom\/speeches-statements\/atkins-remarks-solana-policy-institute-091426\" target=\"_blank\" rel=\"noopener noreferrer\">remarks at the Solana Policy Institute Summit<\/a>, placing custody alongside two other major components of the agency\u2019s emerging crypto framework.<\/p>\n<p>Atkins said he has asked SEC staff to develop a proposal addressing whether advisers can directly custody crypto assets, including assets held for regulated funds, and whether state trust companies can serve as custodians. \u201cAs to self-custody, yes, because for too many assets a qualified third-party custodian simply does not exist yet,\u201d the SEC chairman said. The initiative follows an <a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/sec-eyes-sweeping-crypto-custody-rewrite-as-white-house-weighs-in\/\">SEC crypto custody rewrite<\/a> that entered White House review in August.<\/p>\n<p>The proposal would potentially resolve a long-running regulatory question over which institutions can hold digital assets for registered advisers and investment funds. In this context, self-custody refers to an adviser directly maintaining custody rather than requiring every asset to be placed with an outside qualified custodian. <a href=\"https:\/\/news.bitcoin.com\/sec-commissioners-disagree-on-crypto-custody-rules-for-registered-advisers-and-funds\/\">Earlier disagreements over crypto custody requirements<\/a> showed how the treatment of state-chartered trust companies had become a central issue.<\/p>\n<h2>Crypto Issuance Rules Form Another Pillar<\/h2>\n<p>The custody initiative would operate alongside Regulation Crypto Assets, which the SEC proposed Aug. 18 to establish a tailored offering regime for certain investment contracts involving crypto assets. The <a href=\"https:\/\/www.sec.gov\/rules-regulations\/2026\/08\/s7-2026-27\" target=\"_blank\" rel=\"noopener noreferrer\">Regulation Crypto Assets proposal<\/a> includes exemptions that could permit offerings of up to $5 million over four years or as much as $75 million during each 12-month period, subject to disclosure and other requirements.<\/p>\n<p>The proposal also contains a conditional safe harbor from the term \u201cinvestment contract\u201d in the definition of \u201csecurity.\u201d Atkins said a key question surfacing in public feedback is when a covered investment contract ceases to exist. The SEC chairman\u2019s <a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/sec-chair-pushes-crypto-exemptions-to-bring-issuers-back-to-us\/\">crypto exemptions initiative<\/a> is designed to establish clearer pathways for projects seeking to raise capital using digital assets in the United States.<\/p>\n<p>Atkins also urged Congress to advance the CLARITY Act, arguing that legislation could address questions surrounding when an investment contract involving a crypto asset ceases to exist. He separately emphasized that the SEC intends to continue its regulatory program regardless of the legislation\u2019s outcome, positioning agency rulemaking and congressional market-structure legislation as separate tracks addressing parts of the broader U.S. crypto framework.<\/p>\n<p>However, the Senate failed to advance the CLARITY Act on Sept. 15 after a cloture motion on the motion to proceed fell short of the 60 votes required. The vote was 49-50, leaving H.R. 3633 stalled before the Senate could begin formal consideration of the crypto market structure bill. The failed procedural vote followed unresolved disputes over ethics provisions, stablecoin-related issues, and other regulatory safeguards, leaving the legislation\u2019s path forward uncertain.<\/p>\n<h2>Transfer-Agent Rules Complete Atkins\u2019 Three-Part Framework<\/h2>\n<p>Modernizing transfer-agent requirements represents the third component of the framework Atkins outlined. The SEC\u2019s <a href=\"https:\/\/www.sec.gov\/newsroom\/press-releases\/2026-81-sec-proposes-modernize-rules-registered-transfer-agents\" target=\"_blank\" rel=\"noopener noreferrer\">transfer-agent modernization proposal<\/a> would revise rules that have not been substantively updated since the late 1970s and early 1980s, including provisions addressing electronic communications, recordkeeping, blockchain technology, securities offerings, and share transfers.<\/p>\n<p>Together, the initiatives would address how crypto assets are issued, transferred, and held under federal securities regulation. Atkins characterized Regulation Crypto Assets, transfer-agent modernization, and the planned custody framework as three pillars of a unified regulatory architecture. The custody component could be particularly significant for assets lacking suitable third-party custodians, where <a href=\"https:\/\/www.bitcoin.com\/get-started\/wallet-security\/wallets-custody\/\" target=\"_blank\" rel=\"noopener noreferrer\">direct control of crypto assets<\/a> depends on possession and management of the credentials used to authorize blockchain transactions.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/sec-chair-pushes-crypto-self-custody-in-new-regulatory-framework\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Atkins wants SEC rules to permit adviser self-custody under conditions. State trust companies could also qualify to hold crypto assets. Custody would become one pillar of a broader SEC crypto framework. Atkins Wants Advisers to Self-Custody Crypto Assets Investment advisers could gain a clearer path to [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":78228,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78227"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=78227"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78227\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/78228"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=78227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=78227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=78227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}