The review will be handled by the Office of Information and Regulatory Affairs and the Office of Management and Budget. They analyze federal regulations before publication.
The SEC’s changes clarify the framework for crypto asset custody for investment advisers and investment firms. In addition, the new rules are intended to remove the burden of certain outdated provisions. According to the SEC, they are no longer needed to protect investors given the evolution of markets. The agency’s new rules are especially important amid delays in the passage of the Clarity Act. According to Polymarket, the probability of a cryptocurrency bill being passed in 2026 is only 14%.