# SEC Proposes Crypto Custody Framework Allowing Advisers to Self-Custody Client Assets in Limited Cases

The proposal would also let state trust companies hold fund and client crypto, and arrives as Hester Peirce, the first head of the agency's Crypto Task Force, leaves this week.

- Published: 2026-10-02T06:09:12.150Z
- Canonical: https://polylog.news/crypto/2026-10-02/sec-proposes-crypto-custody-framework-allowing-advisers-to-s
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CoinDesk](https://www.coindesk.com/policy/2026/10/01/u-s-sec-maps-out-crypto-custody-in-new-proposal-that-furthers-its-digital-assets-agenda), [Bitcoin Magazine](https://bitcoinmagazine.com/news/sec-proposes-crypto-custody-rules), [CoinDesk (Crypto for Advisors)](https://www.coindesk.com/coindesk-indices/2026/10/01/crypto-for-advisors-the-clarity-act-failed-but-the-rules-came-anyway), [Polylog editors](https://polylog.news), [SEC (Peirce statement)](https://www.sec.gov/newsroom/speeches-statements/peirce-statement-proposed-amendments-custody-rules-100126)

The United States Securities and Exchange Commission (SEC) has proposed a tailored custody framework for crypto assets held by registered investment advisers and regulated funds, including registered investment companies and business develo…

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