The US SEC has released guidelines for the custody of crypto assets, systematically outlining wallet types and key risks.

According to Mars Finance, the U.S. Securities and Exchange Commission (SEC) released guidance for investors on crypto wallets and asset custody on Friday, systematically outlining the advantages and risks of different crypto asset storage methods. The guidance compares self-custody and third-party custody models and reminds investors to carefully examine whether the custodian institution engages in asset rehypothecation and whether client assets are commingled when choosing a third-party custodian. The SEC also outlined the main differences between hot and cold wallets: hot wallets, being connected to the internet, face higher risks from hackers and cybersecurity; while cold wallets reduce the risk of online attacks, damage to storage devices, theft, or loss of private keys can lead to permanent asset loss. Market analysts believe this guidance indicates a significant shift in the SEC's regulatory attitude towards the crypto industry. The previous day, SEC Chairman Paul Atkins stated that the traditional financial system is accelerating its migration to blockchain, and the SEC has approved the DTCC to explore tokenization of assets such as stocks, ETFs, and government bonds.