# SEC Proposes Easing Crypto Custody Rules

The U.S. Securities and Exchange Commission proposed allowing investment managers to custody clients’ crypto assets when they determine that no other qualified custodian is available, and permitting state trust companies to provide custody services. The proposal responds to a stated shortage of custodians for developing crypto securities. It does not announce a procurement, provide a comment deadline or implementation timeline, or identify specific vendors or contract opportunities.

- Investment managers and state trust companies could face demand for custody, compliance, and supporting technology services if the proposal advances.
- Technology and compliance providers can assess whether their offerings support crypto-asset custody for these potential users; the signal does not specify procurement requirements or a solicitation process.

**Jurisdictions:** federal
**Industries:** Information Technology
**Topics:** Regulatory Compliance
**Published:** October 01, 2026

### Government Entities
- U.S. Securities and Exchange Commission (SEC)