SEC Crypto Custody Rule Hits the White House: Lighter Standards Ahead?

The Securities and Exchange Commission (SEC) sent its crypto custody rule rewrite to the White House on Tuesday. The text is secret. The filing's labels are not, and one of them gives the direction away.

The proposal, called Amendments to the Custody Rules, reached the Office of Management and Budget (OMB) on August 25. The rule decides how investment advisers may hold client crypto.

What the SEC Crypto Custody Filing Tags Reveal

The OMB record carries two labels. The first is economically significant. That tag marks rules with at least $100 million in yearly economic impact.

The second label matters more. The filing sits in the deregulatory column under Executive Order 14192. President Donald Trump signed that order in January 2025. It tells agencies to scrap ten rules for every new one they write.

So before anyone reads a single line, the direction is on record. The SEC plans to loosen crypto custody duties, not tighten them.

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