The U.S. Securities and Exchange Commission (SEC) has issued a no-action letter confirming that, under the Investment Advisers Act of 1940, investment advisers can use state-chartered trust companies as qualified custodians for crypto assets. This letter responds to a formal request from the law firm Simpson Thacher & Bartlett. This move provides long-missing regulatory clarity for digital asset custody, allowing registered investment advisers and regulated funds to legally custody and manage crypto assets like Bitcoin and Ethereum through state trust companies, as long as they comply with relevant rules—without fear of enforcement actions. (TheBlock) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=49585