The U.S. Securities and Exchange Commission has sent a proposal to the White House aimed at modernizing crypto custody, according to Bitcoin Magazine. The development comes as a vote on the Clarity Act remains stalled, while regulators continue advancing policy work. The proposal places crypto custody at the center of ongoing regulatory activity, although the supplied report does not detail its provisions, timeline, or potential effect on market participants. Bitcoin Magazine reported the update on August 26, 2026, in an article by Mathew Di Salvo. Bitcoin is the related market asset, with the report identifying BTC as relevant to the development. The move indicates that policy activity is continuing even without progress on the Clarity Act vote. Further details on the proposal and any White House response were not provided in the source material.
SEC Sends Proposal to White House To Modernize Crypto Custody
The SEC has sent a crypto-custody modernization proposal to the White House, Bitcoin Magazine reports. The move comes as a vote on the Clarity Act remains stalled and regulators continue their policy work.
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