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According to a report by Golden Ten, Securities and Exchange Commission (SEC) Chairman Atkins stated on Monday local time that the current framework allowing brokers to serve as custodians of digital assets may need to be abolished and replaced, and revealed that he is considering granting hedge funds the authority to independently manage cryptocurrency assets. Currently, only two institutions in the United States have obtained the license for Special Purpose Brokerage Trading. Atkins pointed out at the Digital Asset Roundtable that this sluggish response stems from the "significant restrictions" set by the previous government. He emphasized that "broker dealers have never been prohibited from custody of non securities based encrypted assets or securities." However, he also pointed out that the SEC may need to clarify how customer protection and capital requirements apply to such institutions. Atkins has requested SEC staff to explore new paths for cryptocurrency regulation, including studying whether to revise custody rules to allow hedge funds, trading firms, and investment advisors to implement self custody of digital assets.