{
  "id": 3559451,
  "title": "SEC Readies Updated Rule for Crypto Custody",
  "url": "https://urgent.news/2026/08/26/sec-readies-updated-rule-for-crypto-custody",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T17:56:25.000Z",
  "source": {
    "name": "PYMNTS",
    "slug": "pymnts",
    "url": "https://www.pymnts.com/cryptocurrency/2026/sec-readies-updated-rule-for-crypto-custody/"
  },
  "original_language": "en",
  "account": "The Securities and Exchange Commission (SEC) has issued a proposal for updated rules concerning cryptocurrency custody for investment advisors. The proposal was sent to the White House’s Office of Management and Budget (OMB) on August 25th, as reported on the SEC’s website. The SEC stated that the new regulations would modernize the rules surrounding the custody of client assets and fund assets, including crypto assets. The agency noted that investment advisers and companies have been questioning how to comply with existing custody requirements for crypto assets.\n\nAccording to a report from Bloomberg News, the full details of the new proposal will not be released until the OMB reviews the SEC rule. Once the OMB completes its review and forwards the proposal back to the SEC, the all-Republican commission will vote on it and release it to the public. The report stated that the SEC typically allows for at least 60 days of public comment before finalizing the rule, which will also require a vote before being put into effect.\n\nThe development is seen as the latest indication that regulators are moving forward with the Trump administration’s crypto agenda, while legislation meant to define the structure of the crypto market remains stalled in the Senate. The Clarity Act, which aimed to provide a framework for crypto market regulation, was passed by the House but has faced bipartisan concerns over President Donald Trump and his family’s crypto-currency dealings in the Senate. However, the crypto sector remains optimistic that the act could pass this year following several high-level meetings between administration officials and crypto executives.\n\nMeanwhile, the Commodity Futures Trading Commission (CFTC) has stated that it will use its authority to establish a regulatory framework for crypto assets if the bill remains stalled. Michael Selig, the CFTC’s chairman, announced last week that he had directed the commission’s staff to explore rules to create a market structure for crypto assets using existing authorities.",
  "summary": "Federal securities regulators issued a proposal on updated cryptocurrency custody rules for investment advisors. The Securities and Exchange Commission (SEC) sent its proposal to the White House’s Office of Management and Budget (OMB) on Tuesday (Aug. 25) per a post on its website. “This proposed rules and rule amendments would improve and modernize the regulations […] The post SEC Readies…",
  "key_points": [
    "SEC proposes updated rules for crypto custody on August 25",
    "New regulations aim to modernize crypto asset compliance",
    "OMB review and public comment before final SEC vote"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}