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Bank & market adoptionT1RegulatorUS

SEC Chairman Atkins on the proposal to address custody of crypto assets by advisers and funds

Published Quote last verified

  • Custody
  • Regulation

Executive summaryFact

SEC Chairman Paul Atkins said the proposal would provide a clear regulatory framework for the custody of crypto assets by investment advisers and funds, giving them a compliant pathway where none existed before.

Primary source: SEC statements ↗

Key factsFact

Jurisdiction
US
Source
SEC statements
Source tier
Tier 1 · Regulator / central bank

From the sourceFact

“To that end, today’s proposal would provide a clear regulatory framework for the custody of crypto assets, giving investment advisers and funds a compliant pathway where none existed before—and replacing the grey of uncertainty created by custody rules crafted for a bygone era.”

Verbatim from SEC statements✓ string-matched against the live page 2026-10-22

Why it matters for banksAnalysis

Clear adviser and fund custody rules would expand demand for qualified custodians, including banks and trust companies, to hold crypto assets for regulated funds.

Editorial analysis based on the facts above and the sources below; not legal or investment advice.

Sources and evidence

Evidence types: how we classify sources.

AIAI-assisted: summary and analysis were drafted with AI from the primary source and are the editor’s responsibility. AI-drafted from the primary source; quote string-matched by scripts/verify.mjs. Methodology · Corrections · Report an error

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