SEC Authorizes State Trust Companies as Qualified Crypto Custodians
The U.S. Securities and Exchange Commission (SEC) has issued a pivotal “no-action” letter on September 30, 2025, confirming that registered investment advisers can rely on state-chartered trust companies as qualified custodians for cryptocurrencies. The move addresses long-standing federal uncertainty around digital asset custody, allowing institutions to manage assets such as Bitcoin ($116,426) and Ethereum ($4,311) … Read more