# SEC Proposes a 760-Page Custody Framework That Would Let Advisers Hold Crypto Themselves

State trust companies could serve as custodians, and self-custody would be permitted only where no approved custodian is available.

- Published: 2026-10-03T05:57:57.658Z
- Canonical: https://polylog.news/crypto/2026-10-03/sec-proposes-a-760-page-custody-framework-that-would-let-adv
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [Polylog editors](https://polylog.news), [CryptoSlate](https://cryptoslate.com/new-sec-crypto-rules-threaten-small-advisers-but-big-firms-win/), [CoinDesk (opinion)](https://www.coindesk.com/opinion/2026/10/01/america-at-a-crossroads-commissioner-peirce-s-parting-challenge), [crypto.news](https://crypto.news/why-crypto-rallied-after-clarity-act-failed-bitwise/)

The Securities and Exchange Commission proposed a custody framework on October 1 covering registered investment advisers, investment companies and business development companies. Chairman Paul Atkins said the proposal gives advisers and fun…

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