SEC outlines crypto custody risks as OCC approves five national trust bank charters

The SEC issued an investor bulletin on crypto asset custody, urging retail users to weigh security trade-offs and the consequences of private key loss. On December 13, 2025, the agency highlighted the guidance via its official account. In parallel, regulators advanced integration with banking, as the OCC conditionally approved five crypto firms for national trust bank status and the SEC cleared DTCC to tokenize select securities beginning in late 2026.