Paul Atkins, chairman of the SEC, emphasised that the agency will revise custody rules to permit self-custody by advisers and funds where appropriate

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Consequently, the custody rules may need to be updated to allow advisers and funds to engage in self-custody under certain circumstances.

Many advisers and funds have access to self-custodial solutions that incorporate more advanced technology to safeguard crypto assets as compared to some of the custodians in the market.