SEC Crypto Rules Tighten Focus on Custody and Tokenized Securities

US crypto regulation is moving into a new phase as the Securities and Exchange Commission turns its attention to custody, tokenized securities and clearer rules for digital-asset issuers. The SEC has proposed new requirements governing how investment advisers and regulated funds hold crypto assets, while also naming tokenized securities as a major examination priority for fiscal 2027. The changes suggest that US regulators are moving away from broad uncertainty around crypto and toward detailed rules covering how digital assets operate inside traditional financial markets.