SEC Plans to Open Doors For More Crypto Custody Players in the US
Oct, 01, 2025
< 1 min read
by Martin Young
for CryptoPotato

On Tuesday, the SEC approved state trust companies to act as custodians for crypto assets under the Investment Company Act and the Investment Advisers Act.
State entities that are not federally chartered banks, which were generally not allowed to accept deposits, may now be responsible for the safety of investors’ crypto assets.
SEC Plans to Open Doors For More Crypto Custody Players in the US
Oct, 01, 2025
< 1 min read
by Martin Young
for CryptoPotato

On Tuesday, the SEC approved state trust companies to act as custodians for crypto assets under the Investment Company Act and the Investment Advisers Act.
State entities that are not federally chartered banks, which were generally not allowed to accept deposits, may now be responsible for the safety of investors’ crypto assets.