SEC estimates $433,833 annual cost for proposed crypto custody fallback

Oct 3, 2026 01:36 (20d ago)

SEC models annual costs for advisers using its proposed crypto custody fallback.
$433,833 is the modeled annual cost, excluding some technology spending.
Fallback applies if no qualified custodian will hold assets; smaller firms may opt out.

The SEC estimates that advisers using its proposed crypto custody fallback would incur $433,833 in annual costs. The estimate excludes some technology spending, potentially increasing the overall burden. The fallback would be available when no qualified custodian will hold the asset, and smaller firms may decide not to use the option.