[US SEC Proposes New Crypto Asset Custody Rules, Allowing Advisors and Funds to Self-Custody Under Certain Conditions] According to an official announcement from the U.S. Securities and Exchange Commission (SEC), the SEC has proposed a rule for crypto asset custody, establishing a regulatory framework for registered investment advisors and regulated funds to custody crypto assets. The proposal allows for self-custody of crypto assets under specific circumstances and permits state trust companies to act as custodians for clients and regulated funds' crypto assets. According to CoinDesk, self-custody requires advisors to possess professional crypto custody capabilities, the absence of qualified third-party custodians, and quarterly reassessments. The proposal will open a 60-day public comment period after its publication in the Federal Register. SEC Chairman Paul Atkins stated that the proposal will provide investment advisors and funds with 'a compliance pathway that did not previously exist.'