SEC Crypto Broker Rule Enters White House Review
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The SEC’s proposed crypto broker-dealer rule has entered White House review, moving the amendments closer to finalization after covering capital requirements, customer-asset safeguards and recordkeeping for firms handling digital assets. The rule would apply broker-dealer standards to crypto intermediaries, potentially reshaping how exchanges and custodians hold client assets and meet capital and books-and-records obligations. The White House review is a late-stage procedural step before the SEC can vote on adopting the amendments. What to watch next is whether the review produces changes to the capital and custody provisions and when the SEC schedules a final adoption vote.
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SEC, White House, crypto broker-dealers