SEC to hold crypto custody roundtable as a16z calls for self-custody for RIAs

The US Securities and Exchange Commission will host the third in its round series in four parts on April 25, this time in zero on the warning of cryptography.

On April 16, the American sec announcement The agenda and the panelists of the next round table of April 25 by focusing on police custody. The Round Table – In title “Know Your Gustodian: Key considerations for the guard of cryptography” – will bring together key votes in the space of digital assets, in particular Mark Greenberg de Kraken, Rachel Anderika by Fidelity Digital Bank, Veronica McGregor of Exodus and representatives of Fidelity Digital Asset Services, Wisdom and Fireblocks.

Commissioners Hester Peirce and Caroline Crenshaw, as well as acting president Mark Uyeda and the chief of staff to the crypto working group Richard Gabbert, will participate on behalf of the SEC.

“It is important for the dry to tackle childcare problems, which are among the most difficult while we seek to integrate cryptographic assets into our regulatory structure,” said Commissioner Peirce, who leads the working group.

The next session marks the third in the dry Series of public round tables in four games. Previous events, which were held on March 21 and April 11, focused on the classification of tokens as titles and sewing Regulations for cryptographic tradingrespectively. Future discussions will cover tokenization of assets And Decentralized finance.

While regulators come together to discuss the way in which the warning of cryptography should be dealt with, some of the noisiest calls for change have already arrived on the dry office.

A16z: let Rias keep the crypto directly

April 9, venture capital company Andreessen Horowitz sent a formal letter To the dry, urging the Commission to update its rules of police custody to better meet the needs of registered investment advisers. The firm argues that current regulations, rooted in the 1940 placement advisers, are exceeded and incompatible with the unique properties of digital assets.

According to A16Z, because digital assets are often delivered with governance rights on the chain, puncture capacities or generating yield mechanisms, custody is not only a question of security – it is a question of preserving the full economic utility of the assets. However, when he was held in traditional childcare arrangements, these features can become inaccessible, which limits their value for customers.

In a Follow -up blog articleA16Z has described five “principles of guarding cryptography”, emphasizing the need for a flexible regulatory approach which ensures the safety of assets while taking these features into account.

“Under this principle, we postulate that the RIAs should select a third party cryptographic goalkeeper … which allows the RIA to exercise economic or governance rights,” noted A16z. “If a third party cannot meet the two requirements, the transfer of an asset by RIA to the temporarily co-leather … should not be considered as a transfer of police custody.”

The company has also discouraged rigid distinctions such as VS cold vs portfolios and rather offered a risk -based framework to mitigate loss, flight or misuse.

While A16z ceased to request a wider rule of the dry rule, it called for temporary advice and clarified pathways that align with fiduciary tasks without stifling crypto-native operations.

“Our objective is not to expand the scope of the guard rule beyond the titles,” said the firm, “but to extend its objectives – security, periodic disclosure and independent verification – to the new class of token assets.”