2 entries tagged crypto custody. All writing.
OCTOBER 1, 2026 The Vault Rule Got Rewritten the Day Before She Left Today the SEC proposed the rule that decides whether your financial advisor can actually hold crypto for you, and it does something the custody rule hasn't done since it was written in response to Bernie Madoff: let the advisor be the vault. It also quietly blesses something the industry has been doing in a legal gray zone for years. The vote landed on commissioner Hester Peirce's second-to-last day on the job, and her own statement reads like a closing argument. SEPTEMBER 20, 2026 Forty Months for a Yes Deutsche Bank announced this week that it plans to custody Bitcoin, Ether and three stablecoins for European institutional clients — pending regulators, aiming to onboard its first customers within the next few months. The custody plan is straightforward. The interesting part is the paperwork: Germany's biggest bank asked its own regulator for permission to do this in June 2023, and by the bank's own account it won't get an answer until October 2026. Four smaller German banks asked later and finished years ago.