[SEC Proposes Amending 1940 Act Rules to Allow Advisors to Directly Hold Bitcoin Without Qualified Custodians] Odaily Planet Daily reports that Bitcoin News posted on the X platform stating that the SEC plans to propose new rules under the 1940 Act, allowing investment advisors to directly hold Bitcoin and other digital assets when no qualified custodians are willing to provide custody for such assets. The SEC noted that traditional custodians often refuse to custody these types of assets, creating compliance gaps in the existing custody framework. The proposal will initiate a 60-day public comment period after its publication in the Federal Register.