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#State-chartered trust companies

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SEC Crypto Custody Rules Turn Asset Coverage Into a Major Industry Fight
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SEC Crypto Custody Rules Turn Asset Coverage Into a Major Industry Fight

Key Highlights An SEC proposal could allow qualifying state-chartered trust companies to compete more directly for regulated crypto custody mandates. Asset coverage, custody infrastructure and integration with trading, staking and reporting could become more important than charter type alone. Adviser self-custody would remain a costly fallback, with estimated annual requirements of about $433,833 and mandatory ...

SEC Proposes New Crypto Custody Rules to Expand Investor Choice
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SEC Proposes New Crypto Custody Rules to Expand Investor Choice

Key Highlights: The SEC is considering allowing state-chartered trust companies and regulated broker-dealers to provide crypto custody services under specific safeguards. A proposed exemption would permit authorized discretionary trading without strict custody requirements if client accounts remain protected. The proposal replaces the SECโ€™s 2023 โ€œSafeguarding Ruleโ€ proposal and is now subject to a 60-day public ...