According to CoinMeta, the U.S. Securities and Exchange Commission (SEC) has submitted a proposal regarding custody rules for crypto assets by investment advisors and investment firms to the White House for review. The proposal aims to clarify how investment advisors and firms can hold clients' crypto assets while complying with existing custody requirements. Many companies have raised questions about how to hold digital assets under the current rules before crypto assets become part of regulated investment products and advisors' portfolios, according to SEC officials. The specific details of the proposal will not be made public until the White House Office of Management and Budget completes its review.