The post U.S. SEC issues detailed guidance on broker-dealer custody of crypto asset securities appeared on BitcoinEthereumNews.com.

U.S. SEC Division of Trading and Markets has released today a statement guiding the application of Rule 15c3-3 on physical possession requirements to broker-dealers. According to the statement, five specific circumstances have been outlined under which the U.S. SEC would not object to deeming physical possession as a valid means of identification.  The statement aims to provide detailed guidance on how broker-dealers can comply with custody obligations for crypto asset securities under existing federal rules. The U.S. SEC stated that the guidance is part of an effort to provide clarity on the application of the federal securities laws to crypto asset securities. Hester M. Peirce, SEC Commissioner, praised the statement’s clarity and called for prompt recommendations on potential amendments to the Rule 15c3-3.  U.S. SEC’s new guidance targets paragraph (b)(1) of Rule 15c3-3  Crypto asset securities have been defined as tokenized representations of equity or debt securities recorded on distributed ledger technology, according to the statement. The new guidance is part of paragraph (b)(1) of Rule 15c3-3 under the Securities Exchange Act of 1934, which allows and regulates broker-dealers to promptly obtain and maintain physical possession or control of all fully paid and excess margin securities carried for customer accounts.   The U.S. SEC Division of Trading and Markets outlined that the new guidance applies to any broker-dealer handling crypto assets for customers, including firms engaged in both traditional securities operations and digital asset activities. The release follows inquiries from the market participants seeking a clearer rule applying to blockchain-based assets.    According to the U.S. SEC Division for Trading and Markets, its views are confined to physical possession and do not extend to the control aspect, except for broker-dealer financial responsibility rules and additional federal securities law requirements. The staff noted that the statement carries no legal enforcement, does not modify…

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Filed under: News - @ December 18, 2025 4:26 am