SEC Sends Crypto Custody Rule Overhaul to White House for Review
PUBLISHED Aug 27, 2026, 8:22 AM ET
The United States Securities and Exchange Commission submitted a proposed overhaul of its cryptocurrency custody regulations to the White House Office of Management and Budget for review. The draft regulation reached the budget office on August twenty fifth, twenty twenty six, seeking to clarify digital asset frameworks for registered investment advisers and investment companies. Current guidelines predate routine cryptocurrency portfolio inclusion. The proposal aims to remove outdated requirements misaligned with modern trading practices, though specific provisions remain private pending review. SEC Chairman Paul Atkins linked the measure to broader agency modernization efforts following delayed rulemaking discussions. Following OMB evaluation, the commission must hold a formal vote to propose the rule publicly, initiating a mandatory comment period lasting at least sixty days. This regulatory checkpoint precedes formal public scrutiny across financial markets.
By Lauren Mitchell | JQJO News
- Articles Published:
- 31
- Right Leaning:
- 3
- Left Leaning:
- 5
- Neutral:
- 23
- Distribution:
- Left 16%, Center 74%, Right 10%
Left: Framed as necessary modernization while questioning deregulation risk levels. Center: Framed as a procedural regulatory step updating archaic financial rules. Right: Framed as vital deregulation easing burdensome compliance for markets.
SEC submitted crypto custody rule overhaul to White House OMB. https://www.reuters.com/technology/sec-sends-crypto-custody-rule-overhaul-white-house-review-2026-08-25/
Coverage of Story:
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SEC submits digital asset custody overhaul to White House office
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SEC Sends Crypto Custody Rule Overhaul to White House for Review
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SEC moves forward with digital asset custody rule modernization
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