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BTCC / BTCC Square / Global Cryptocurrency /
SEC Chair Signals Potential Overhaul of Crypto Custody Rules

SEC Chair Signals Potential Overhaul of Crypto Custody Rules

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-05-13 12:24:02
0

SEC Chairman Paul Atkins has indicated a sweeping review of digital asset custody rules may be imminent. During a roundtable discussion at the agency’s headquarters, Atkins criticized the current framework as outdated, noting its limited adoption—only two firms have secured special-purpose broker-dealer status under the existing regime.

The remarks suggest a potential repeal-and-replace approach, targeting policy decisions from the prior administration that Atkins claims created structural limitations. Broker-dealers remain technically permitted to custody crypto, but the chair’s comments imply stricter safeguards may be forthcoming.

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