# Petitioner asks SEC to require verifiable digital-asset reserve disclosures

> A petitioner submitted a rulemaking petition asking the SEC to require public reporting companies with material digital-asset reserves and spot digital-asset ETPs to provide periodic, independent, publicly verifiable evidence of reserve existence and control, together with related custody and…

- URL: https://riadefi.com/regulation/2026-09-13-sec-digital-asset-reserve-verification-petition/
- Posture: Proposal · not in effect
- Authorities: Han Wooram, petitioner
- Event date: 2026-09-13
- Version: 1, published 2026-09-15 (first published 2026-09-15)
- Advisor-relevant: no

This entry records a proposal. It does not change the law unless it is adopted.

## What changed

A petitioner submitted a rulemaking petition asking the SEC to require public reporting companies with material digital-asset reserves and spot digital-asset ETPs to provide periodic, independent, publicly verifiable evidence of reserve existence and control, together with related custody and governance disclosures. The petition does not represent Commission action, proposed SEC rules, or a present disclosure obligation.

## Who it affects

- Sponsors of spot digital-asset exchange-traded products if the requested rules are proposed and adopted
- Public reporting companies holding material digital-asset reserves if the requested rules are proposed and adopted
- Investment advisers conducting diligence on digital-asset ETPs or reserve-holding issuers

## What is still open

- Whether the SEC will act on the petition
- What issuers, ETPs, assets, and materiality thresholds any agency proposal would cover
- What verification methods, assurance standards, custody disclosures, and reporting frequency the SEC might consider

## What it means for an advisor

- Treat the petition as a private request rather than an SEC position or current disclosure requirement
- Monitor for an SEC response or formal rulemaking before changing compliance representations
- Consider whether current ETP and issuer diligence captures reserve existence, control, encumbrances, custody arrangements, and reconciliation limitations

## Sources

1. [Petition for Rulemaking—Verifiable Digital Asset Reserve Disclosure for Public Reporting Companies and Spot Digital Asset Exchange-Traded Products](https://www.sec.gov/files/rules/petitions/2026/petn4-926.pdf) · Han Wooram, petitioner · 2026-09-14


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Published by Ketju Research on RIADeFi (https://riadefi.com). Educational research for financial professionals; not investment, legal, tax, or compliance advice.