SEC Guidance Expands Opportunities for Firms to Act as Cryptocurrency Custodians
The U.S. Securities and Exchange Commission (SEC) has signaled a more accommodating stance on crypto custody, suggesting that state-chartered trusts can act as custodians without facing enforcement actions, provided they meet stringent conditions including robust asset protection policies. This move, part of the SEC's broader initiative to lighten regulatory pressures on the crypto industry, could significantly expand the range of firms, potentially including major players like Coinbase and Ripple, that offer digital asset custody services.
Nathan Mercer