Today's regulatory updates in the crypto space are worth your attention. The U.S. Securities and Exchange Commission (SEC) has issued a fresh statement addressing broker-dealer custody arrangements for crypto asset securities—a move that brings some interim guidance to the market while regulators continue their deeper review of the overall custody framework. This clarification matters for institutional players navigating the evolving landscape. Meanwhile, Acting CFTC Chair Caroline Pham is set to participate in key industry discussions, signaling continued engagement from federal commodity regulators on digital assets. The dual-track regulatory approach from both the SEC and CFTC underscores how seriously U.S. authorities are taking oversight of the crypto sector. For traders and institutions, these developments suggest the regulatory environment is gradually becoming more defined.