{"id":23547,"date":"2025-05-22T19:02:22","date_gmt":"2025-05-22T19:02:22","guid":{"rendered":"http:\/\/www.thinkadvisor.com\/2025\/05\/22\/new-custody-rules-signal-regulatory-reset-for-digital-assets-sec-roundup\/"},"modified":"2025-05-22T19:02:22","modified_gmt":"2025-05-22T19:02:22","slug":"new-custody-rules-signal-regulatory-reset-for-digital-assets-sec-roundup","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2025\/05\/22\/new-custody-rules-signal-regulatory-reset-for-digital-assets-sec-roundup\/","title":{"rendered":"New Custody Rules Signal &#8216;Regulatory Reset&#8217; for Digital Assets: SEC Roundup"},"content":{"rendered":"<div class=\"media_block\"><a href=\"https:\/\/feeds.feedblitz.com\/-\/904492454\/0\/thinkadvisor.jpg\"><img decoding=\"async\" src=\"https:\/\/feeds.feedblitz.com\/-\/904492454\/0\/thinkadvisor.jpg\" class=\"media_thumbnail\"><\/a><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2021\/03\/SEC_Building_640x640.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p> <iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/q2hZCXw2PkE?si=xC0jXsLVW9bFWmXo\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen>[embedded content]<\/iframe><br \/>Welcome to SEC Roundup, a bimonthly video series by former Securities and Exchange Commission senior trial counsels Nick Morgan and Tom Zaccaro, founders of the nonprofit advocacy group Investor Choice Advocates Network.<\/p>\n<p>In this episode, former SEC Commissioner Troy Paredes and Cooley Special Counsel Rodrigo Seira discuss the commission&#8217;s evolving approach to financial innovation and digital asset regulation, offering insights valuable to investment advisors navigating the changing regulatory landscape.<\/p>\n<p>The conversation centered on the SEC&#8217;s renewed commitment to stakeholder engagement, showcased through its recent series of roundtables designed to address jurisdictional questions and regulatory frameworks. This approach marks a significant shift from the previous administration&#8217;s enforcement-focused strategy, which Seira characterized as having &#8220;a very strained relationship&#8221; with innovative financial technologies.<\/p>\n<div readability=\"46.587719298246\">\n<p>Paredes emphasized the commission&#8217;s current willingness to &#8220;embrace the promise and opportunity&#8221; of financial innovation while still upholding core regulatory principles. &#8220;The commission is looking to generally embrace the promise and opportunity that the underlying technology affords and what that innovation means in the context of securities markets,&#8221; he noted.<\/p>\n<p>The SEC withdrew<a href=\"https:\/\/www.sec.gov\/newsroom\/speeches-statements\/withdrawal-joint-staff-statement-broker-dealer-custody-digital-asset-securities\" target=\"_blank\" link-data=\"{\" www.sec.gov newsroom speeches-statements rel=\"noopener\"> on May 15<\/a> its previous staff opinion on broker-dealer custody of digital asset securities. The withdrawal takes away the &#8220;scare&#8221; factor the announcement caused when it came out. Presumably a further announcement or rulemaking will follow. When the staff announcement first came out, it was interpreted as an ominous suggestion that satisfying custody requirements for digital assets could be impossible.<\/p>\n<p>The SEC announcement directly exemplifies the regulatory shift toward &#8220;custody&#8221; that Paredes and Seira discuss, highlighting the SEC&#8217;s move away from previous rigid approaches to develop more technology-aligned frameworks for digital assets. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>[embedded content]Welcome to SEC Roundup, a bimonthly video series by former Securities and Exchange Commission senior trial counsels Nick Morgan and Tom Zaccaro, founders of the nonprofit advocacy group Investor Choice Advocates Network. In&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":23548,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2025\/05\/new-custody-rules-signal-regulatory-reset-for-digital-assets-sec-roundup.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/23547"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=23547"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/23547\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/23548"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=23547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=23547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=23547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}