According to CoinMeta, the U.S. Securities and Exchange Commission (SEC) submitted a proposal for regulations on crypto brokerage traders to the White House on November 3, 2026, requesting regulatory review. The proposal covers four provisions under the Securities Exchange Act, including brokerage trader capital, customer asset protection, and record-keeping. There is currently no public draft or confirmed release date for these regulations. The proposal involves rules 15c3-1, 15c3-3, 17a-3, and 17a-4, which pertain to net capital requirements, customer asset protection, record-keeping, and record retention, respectively. In December 2025, a statement issued by the SEC provided guidance on certain crypto asset custody arrangements, but no relevant rules were amended or comprehensive custody standards were established. The Democratic Party won a majority of seats in both houses of Congress in the mid-term elections on November 3, 2026, and is expected to take control in the new Congress that begins on January 3, 2027. Democratic members of Congress can oversee this proposal through hearings, document requests, and funding negotiations. Whether the proposal will be approved depends on subsequent regulatory procedures.