🆕🆕 BREAKING NEWS
The SEC just sent a new crypto custody rule to the White House — and this could be a major shift.
The proposal is marked as deregulation, moving away from the stricter custody approach under Gensler.
If it takes effect, banks, funds, and investment advisers could have a clearer path to legally custody assets like BTC and ETH for clients.
The new rule is expected in October under Atkins.
That could make it easier for firms like BlackRock and Fidelity to offer crypto custody using systems such as multisig and MPC.
The bigger question is simple:
Would you trust a bank to hold your Bitcoin, or would you still choose self-custody?
This could bring massive institutional money into crypto.
Bullish or bearish?
$BTC
#secsendscryptocustodyruletowhitehouse
#BREAKING #news #CryptoNews #BTC
The SEC just sent a new crypto custody rule to the White House — and this could be a major shift.
The proposal is marked as deregulation, moving away from the stricter custody approach under Gensler.
If it takes effect, banks, funds, and investment advisers could have a clearer path to legally custody assets like BTC and ETH for clients.
The new rule is expected in October under Atkins.
That could make it easier for firms like BlackRock and Fidelity to offer crypto custody using systems such as multisig and MPC.
The bigger question is simple:
Would you trust a bank to hold your Bitcoin, or would you still choose self-custody?
This could bring massive institutional money into crypto.
Bullish or bearish?
$BTC
#secsendscryptocustodyruletowhitehouse
#BREAKING #news #CryptoNews #BTC
