SEC Crypto Custody Rule Enters White House Review

The shift to White House review signals the rulemaking is nearing its final stage, though the outcome remains uncertain given the administration's priorities. If adopted, the clarified custody standards could reshape how advisers and funds handle digital assets, potentially raising compliance costs while offering clearer operational boundaries. The key question is whether the final rule strikes a balance that satisfies both industry demands for clarity and the SEC's investor-protection mandate, and how quickly firms adapt to any new requirements.