The Securities and Exchange Commission has proposed new rules that would make it easier for investment advisers and regulated funds to hold cryptocurrencies on behalf of their clients, moving ahead even as a major crypto bill remains stalled in Congress.
Key facts
- The SEC has proposed new rules on cryptocurrency custody.
- The rules would make it easier for investment advisers and regulated funds to hold crypto for clients.
- The move comes as a major crypto bill remains stuck in Congress.
- Reported by CNBC on October 2, 2026.
The Securities and Exchange Commission is pressing forward with new cryptocurrency rules even as a major crypto bill remains stalled in Congress, according to CNBC.
The regulator has proposed new rules that would make it easier for investment advisers and regulated funds to hold cryptocurrencies on behalf of their clients. The proposal addresses how such professionals can take custody of digital assets for the people and institutions they serve.
The timing is notable. With Washington’s broader crypto legislation stuck, the SEC’s action represents an effort to move ahead through regulatory channels rather than waiting for lawmakers to reach agreement.
Custody has long been a sticking point for firms looking to offer crypto exposure to clients. Making it easier for regulated funds and advisers to hold digital assets could open the door to wider professional participation in the market.
As reported by CNBC, the proposal signals that the SEC intends to shape the rules of the road for crypto even without new legislation from Congress.
Why it matters
Clearer custody rules could make it easier for everyday investors to gain exposure to crypto through regulated funds and professional advisers. The SEC's willingness to act without Congress also shows how much of crypto policy is being set by regulators rather than lawmakers.
Frequently asked questions
What did the SEC propose?
According to CNBC, the SEC proposed new rules that would make it easier for investment advisers and regulated funds to hold cryptocurrencies on behalf of their clients.
Why is the SEC acting now?
The SEC is moving ahead even though a major crypto bill remains stuck in Congress, according to CNBC.
Who would be affected by the rules?
The proposed rules target investment advisers and regulated funds that hold cryptocurrencies for clients.