How is the SEC Guiding Crypto Custody Strategies?
What did the SEC recently announce?
The U.S. Securities and Exchange Commission (SEC) has just approved new guidance that allows Ripple, Coinbase, and BitGo to qualify as custodians for digital assets. This decision is a pivotal moment, providing clarity for state-chartered trust companies and reshaping the regulatory environment. It could pave the way for more significant operations for companies managing crypto assets.
Why does this matter to institutional investors?
The guidance is especially relevant for institutional investors, alleviating past uncertainties regarding crypto custodianship. Recognized custodians mean firms can confidently invest in crypto, anticipating a surge of institutional capital into these markets. The…
