What is the Context of Advisers Act?

Ongoing discussions center on whether specific decentralized autonomous organizations or crypto fund managers fall under the purview of the Advisers Act. Regulators continue to assess digital asset activities against existing securities laws, including this act, which could lead to new enforcement actions or clarity on jurisdictional boundaries. The classification of various crypto offerings as securities remains a key legal and market concern.

Advisers Act

Definition

The Advisers Act is a federal law regulating investment advisers. This legislation mandates registration and adherence to fiduciary duties for firms or individuals providing investment advice for compensation. Its purpose is to protect investors by promoting transparency and ethical conduct within the financial advisory industry. Compliance under this act impacts how certain digital asset funds and crypto investment vehicles are structured and marketed.

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∞Adoption

∞Rule 206(4)-2

∞Trust Services

SEC Staff Permits State Trusts as Qualified Digital Asset Custodians

The Staff's no-action relief provides a critical compliance pathway, enabling SEC-registered investment advisers to utilize state-chartered trust companies as qualified digital asset custodians.

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∞Rule 206(4)-2

∞Investment Company Act

∞Crypto Compliance

SEC Staff Expands Qualified Custodian Definition for Institutional Crypto Asset Custody

The No-Action Letter provides a crucial regulatory pathway for Registered Investment Advisers to custody digital assets with state-chartered trust entities.

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∞Qualified Custodian Status

∞Securities Law

∞Institutional Capital

SEC Staff Confirms State Trust Companies Qualified Digital Asset Custodians

The SEC's no-action relief operationalizes institutional digital asset custody by clarifying the "qualified custodian" status for state-chartered trust companies.

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∞Segregation of Assets

∞Due Diligence

∞Institutional Finance

SEC Staff Expands Qualified Custodian Definition for Digital Assets

The SEC's custody clarification unlocks institutional capital by validating state-chartered trust companies as qualified custodians for crypto assets.

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∞Regulatory Clarity

∞Financial Services

∞Institutional Adoption

SEC Confirms State Trust Companies Qualified Custodians for Digital Assets

Institutional custody compliance is clarified, expanding the universe of permissible custodians for RIAs and RICs under the Advisers Act.

∞Digital Asset

∞Advisers Act Compliance

∞Digital Asset Regulation

SEC Staff Clarifies State Trust Companies Qualify as Digital Asset Custodians

The SEC Staff's no-action relief provides a critical, compliant pathway for Registered Investment Advisers to custody client digital assets via state-chartered trusts.

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∞Custody Rule Compliance

∞Assets

∞Financial Institution

SEC Staff Permits State Trust Companies as Qualified Crypto Asset Custodians

The SEC staff’s custody no-action relief expands the qualified custodian universe, strategically de-risking institutional crypto adoption.

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∞State Trust

∞Risk Management

∞Financial Regulation

SEC Clarifies State Trust Companies Can Custody Digital Assets for Institutions

RIAs must now update compliance frameworks to leverage state-trust custody, ensuring strict asset segregation and private key controls.

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∞Investment Adviser Compliance

∞Advisers Act

∞Digital Asset

SEC Permits State Trust Companies as Qualified Crypto Custodians

The SEC's no-action relief allows registered investment advisers to treat state trust companies as "banks" for crypto custody, significantly de-risking institutional entry.

∞Digital Asset Custody

∞Asset Segregation

∞Advisers Act