What an SEC Proposal Means for RIAs in Crypto

https://www.coindesk.com/policy/2023/11/15/what-an-sec-proposal-means-for-rias-in-crypto/

In choosing a qualified custodian, bankruptcy protections are key. Bankruptcy-remote custody solutions — like Anchorage Digital Bank, a federally chartered bank — would still meet the SEC definition of a qualified custodian. The analysis is more nuanced with respect to state-chartered trusts, which may vary widely in compliance standards, bankruptcy protections, and key storage safety.