18 March | Other | Bitcoin

SEC may revisit strict cryptocurrency custody rules for advisers

SEC may revisit strict cryptocurrency custody rules for advisers

The US Securities and Exchange Commission (SEC) is considering revising or rejecting a proposal drafted by former Chairman Gary Gensler that would tighten cryptocurrency custody requirements for investment advisers. The proposal, introduced two years ago, would require advisers to hold assets at federally or state-registered institutions.

Acting SEC Chairman Mark Uyeda acknowledged there were «serious concerns» about the broad scope of the proposed rules. In response to these comments, the SEC has begun exploring alternatives, including potentially repealing the rule. Changes in the approach to regulating cryptocurrency companies have been an important part of the SEC's revised course following Gensler's resignation.

The policy revisions could ease pressure on the cryptocurrency market, which has endured years of uncertainty and litigation, as seen in the Ripple example. The proceedings with the cryptocurrency company began back in 2020, when the SEC accused the company of illegally selling XRP to the tune of $1.3 billion. This is reported by Decrypt.

Elena Dorokhina MarketCheese
Brent sell
Period: 11.07.2025 Expectation: 400 pips
Brent falls ahead of OPEC+ decisions
Today at 10:05 AM 22
Period: 18.07.2025 Expectation: 900 pips
AUDCAD is likely to keep pulling back from its monthly high
Today at 08:08 AM 19
Period: 10.07.2025 Expectation: 1200 pips
Selling USDJPY during rebound with 142.430 target
Yesterday at 10:33 AM 43
Period: 11.07.2025 Expectation: 220 pips
Heatwaves across Europe and US support gas price recovery from recent lows
Yesterday at 09:27 AM 125
Period: 08.07.2025 Expectation: 1500 pips
EURUSD rally faces potential correction toward 1.165
02 July 2025 72
Period: 09.07.2025 Expectation: 1400 pips
USDCAD declines amid US dollar weakness and improving Canadian trade prospects
02 July 2025 50
Go to forecasts