The U.S. Securities and Exchange Commission (SEC) has submitted a proposal to the White House for rules governing cryptocurrency broker-dealers, involving four securities regulations.

On November 3, 2026, the U.S. Securities and Exchange Commission (SEC) submitted a proposed rule for cryptocurrency broker-dealers to the White House, requesting regulatory review. The proposal involves four provisions under the Securities Exchange Act, covering broker-dealer capital, client asset protection, and record keeping. Currently, there is no publicly available draft or confirmed release date. The proposal involves rules 15c3-1, 15c3-3, 17a-3, and 17a-4, which respectively address net capital requirements, customer asset protection, and record keeping and retention. A staff statement released by the SEC in December 2025 provided guidance on some crypto asset custody arrangements, but did not amend the relevant rules or establish comprehensive custody standards. The Democratic Party won a majority of seats in both houses of Congress in the November 3, 2026 midterm elections, and is expected to gain control of the new Congress that begins on January 3, 2027. Congressional Democrats can oversee the proposal through hearings, document requests, and appropriations negotiations; its passage depends on subsequent oversight procedures. (Source: Bitcoin.com News)