Ibahagi ang artikulong ito
SEC's Crypto Guidance Pushes US Banks to Rethink Custody Projects: Report
The regulator suggests that customers' crypto assets should be treated as liabilities by lenders, which could be "prohibitively costly" for banks.
Guidance issued by the U.S. Securities and Exchange Commission on how lenders should treat customers' digital assets is disrupting the banks' crypto projects, Reuters reported, citing people familiar with the matter.
In March, the SEC said all U.S.-listed public companies that function as crypto custodians should account for their crypto exposure as liabilities instead of assets on their balance sheets and disclose risks associated with those liabilities to investors. The custody of crypto assets by lenders presents unique technological, legal and regulatory risks compared with other assets, the SEC guidance said.
STORY CONTINUES BELOW
The Basel Committee on Banking Supervision, the global standard setter for banking regulation, is planning to issue international rules for banks exposed to crypto, including strict capital requirements and exposure caps. The Basel committee's upcoming standards combined with the SEC guidance could drive U.S. banks further away from participating in digital-asset markets.
Accounting for crypto held on behalf of their clients as liabilities is particularly harsh on banks because they are required to hold cash to match liabilities on their balance sheets, according to the report published on Friday.
U.S. Bancorp (USB) told Reuters it was pausing the intake of new crypto clients until it evaluates the "evolving regulatory environment," while investment bank BNY Mellon (BK) declined to comment on the status of its crypto projects.
An unnamed European bank looking to offer crypto custody services in the U.S. was quoted in the report as saying it would be "prohibitively costly" to do so under the new guidance.
Crypto custody specialist Anchorage Digital told Reuters that all banks working with the firm are "now waiting on regulators before proceeding to work with Anchorage on crypto custody solutions."
BNY Mellon, U.S. Bancorp, and Anchorage Digital didn't immediately respond to CoinDesk's requests for comment.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Більше для вас
U.S. Senate's Crypto Market Structure Bill Gets Messy as Calendar Weighs Down
The White House has shut down proposals, and lawmakers are circulating the Democrats' asks in what had been a close negotiation, revealing 11th-hour pressure.
Що варто знати:
- Democrats shared a response to Republicans outlining their continuing priorities for a crypto market structure bill, which they said was intended to "reach an agreement and proceed towards a mark-up."
- The document laid out concerns with financial stability, market integrity and public officials' ability to trade and profit off of crypto, echoing concerns laid out in a framework Democrats shared in September.
- The Senate is running out of time in the Congressional calendar to hold a markup hearing — a key step toward progressing the bill — before 2025 ends.
Top Stories
