SEC issues guidance on crypto asset custody for retail investors

The SEC’s Office of Investor Education and Assistance has published an Investor Bulletin to inform retail investors about cryptocurrency custody options. This guidance explains crypto wallets, differentiating between hot and cold wallets, and stresses the critical need to secure private keys and seed phrases. It further assists investors in selecting custody methods by outlining factors to consider when storing digital assets. This action occurs as the SEC, under new leadership, focuses on balancing innovation with investor protection in digital asset markets, with recent shifts suggesting an emphasis on self-custody and reduced enforcement.

(Source：Crypto Briefing)