The SEC Chair has just dropped a major bombshell: on October 1, a new digital-asset custody regulatory proposal was officially submitted (File No. S7-2026-35), completely scrapping the old case that pushed crypto custody into a dead end! The new rules not only formally recognize that state trust companies may legally custody digital assets, but also—remarkably—open up a conditional self-custody pathway: when compliant custodians are lacking in the market, mutual funds and investment advisers are allowed to manage their own private keys under tightly secured multi-signature arrangements. While Congress remains in legislative gridlock, regulators have instead turned around and ripped open an entry door for tens of trillions in institutional capital on Wall Street. Once the traditional big banks’ decades-long custody monopoly is broken, private-key property rights receive top-tier regulatory legal recognition for the first time. Do you think this is the real turning point for a full-scale influx of institutional capital? #BTC #Crypto #AI #Web3