SEC crypto broker-dealer rule proposal submitted to White House for review, involving four securities regulations

Odaily reports: The U.S. Securities and Exchange Commission (SEC) submitted a crypto broker-dealer rule proposal to the White House on November 3, 2026, requesting regulatory review. The proposal involves four regulations under the Securities Exchange Act, covering broker-dealer capital, customer asset protection, and recordkeeping. There is currently no public draft or confirmed release timeline.

The proposal involves Rules 15c3-1, 15c3-3, 17a-3, and 17a-4, which respectively concern net capital requirements, customer asset protection, recordkeeping, and record retention. A staff statement issued by the SEC in December 2025 provided guidance on certain crypto asset custody arrangements, but did not amend the relevant rules or establish comprehensive custody standards.

Democrats won majorities in both chambers of Congress in the November 3, 2026 midterm elections and are expected to take control in the new Congress beginning January 3, 2027. Congressional Democrats can oversee the proposal through hearings, document requests, and appropriations negotiations, but whether the proposal is adopted will still depend on subsequent regulatory procedures. (Bitcoin.com News)