1 entry tagged state trust companies. 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.