[The U.S. SEC is Advancing Crypto Asset Custody Rules, Proposal Submitted to White House Office of Management and Budget for Review] According to a report by Jinse Finance, on September 23, Taylor Lindman, Chief Legal Advisor of the U.S. Securities and Exchange Commission (SEC) Crypto Working Group, stated at the CoinDesk Policy & Regulation event held in Washington that the SEC is advancing crypto asset custody rules. The related proposal has been submitted to the White House Office of Management and Budget (OMB) for review, covering investment companies and broker-dealers. She noted that the rule aims to provide clarity on how non-security crypto assets can be held within broker-dealers without requiring special registration and specifies that investment advisors can store client assets with state-chartered trusts and similar institutions. Once the proposal passes the White House Office of Management and Budget review, the SEC will formally release it for public and industry feedback. Lindman also mentioned that the SEC issued a staff statement in December 2025 as a transitional arrangement to guide broker-dealers on handling crypto custody matters before the rule takes effect. Additionally, in September 2025, investment advisors will be allowed to store client assets with state-chartered trusts as qualified crypto custodians. Lindman described the SEC's recent efforts as "laying the groundwork," including previously proposed rules allowing crypto issuance and exemptions for tokenized securities. She stated that the SEC is working to ensure that existing securities intermediaries and market participants can confidently use blockchain, hold, and trade crypto assets. Earlier in 2023, the SEC's attempt to implement custody rules under Gary Gensler's leadership was abandoned, and a pro-crypto leadership team was appointed after the Trump administration took office.