SEC Issues Interim Guidance on Crypto Asset Custody

The U.S. Securities and Exchange Commission (SEC) has issued a statement providing interim guidance on custody requirements for broker-dealers handling crypto asset securities while a broader regulatory framework is under review, Cointelegraph reported. The guidance is intended to address ongoing uncertainty over how existing custody rules apply to crypto asset securities, following recent enforcement actions, and outlines temporary compliance options for broker-dealers dealing with these assets, according to the report.