Withdrawal of Joint Staff Statement on Broker-Dealer Custody of Digital Asset Securities
The SEC and FINRA staffs have withdrawn their joint statement on broker-dealer custody of digital asset securities, effective immediately.
CustodyDigital AssetsSecuritiesTrading
On May 15, 2025, the Division of Trading and Markets of the U.S. Securities and Exchange Commission and the Office of General Counsel at FINRA announced the immediate withdrawal of the Joint Staff Statement on Broker-Dealer Custody of Digital Asset Securities, originally issued on July 8, 2019. The release clarifies that this staff statement is not a rule or regulation and carries no legal force. For additional assistance, contacts at both the Commission and FINRA were provided along with references to their respective crypto assets webpages.