September 30, 2025/US SEC By Commissioner Hester M. Peirce Thank you to the Digital Assets Association for organizing this event and inviting me to participate. My views are my own as a Commissioner and not necessarily those of the SEC or my fellow Commissioners. I am appearing in digital form, […]
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Poking Holes: Statement in Response to No-Action Relief for State Trust Companies Acting as Crypto Asset Custodians
September 30, 2025/US SEC By Commissioner Caroline A. Crenshaw Today the agency greenlights state trust companies to act as custodians for crypto assets under the Investment Company Act and the Investment Advisers Act.[1] In other words, state entities, that are not federally-chartered banks, that generally are not allowed to accept […]
Out of the Gray Zone
September 30, 2025/US SEC By Commissioner Hester M. Peirce Statement on The Division of Investment Management’s No-Action Letter Relating to the Custody of Crypto Assets with State Trust Companies Today, the staff of the Division of Investment Management issued a no-action letter (the “NAL”) stating that it would not recommend […]
