SEC Announces Release of Spring 2025 Regulatory Agenda

In early September, the Securities and Exchange Commission (SEC) announced the release of its Spring 2025 regulatory agenda. The spring agenda reflects the Commission’s focus on cryptocurrencies, digital asset market structure, implementation of the Consolidated Audit Trail, customer identification programs, amendments to the custody rules, and a focus on transfer agents, among other projects. Regarding the custody regulatory regime, the Commission is looking at proposals to amend “existing rules and/or propose new rules under the Investment Advisers Act of 1940 and the Investment Company Act of 1940 to improve and modernize the regulations around the custody of advisory client and fund assets, including to address in each case crypto assets.” In support of the updated agenda, SEC Chair Paul Atkins stated, “the agenda reflects our withdrawal of a host of items from the last Administration that do not align with the goal that regulation should be smart, effective, and appropriately tailored within the confines of our statutory authority.” The agenda, posted by the Office of Information and Regulatory Affairs (OIRA), is traditionally released twice a year (in the fall and spring) and highlights the rulemaking priorities for the Commission.

Click here to review the SEC’s Spring 2025 regulatory agenda.
Click here to read Chair Atkin’s statement on the SEC’s Spring 2025 Regulatory Agenda.