๐จ "The #SEC changed the game โ crypto is at a crossroads! $BTC
Today, the SEC announced a new regulatory framework for crypto custody โ and it could change everything!
The SEC proposed rules allowing investment firms to self-custody crypto in limited circumstances, while updating the rules for auditing and custody through brokerage firms.
This is a historic milestone โ official recognition of crypto as a legitimate asset โ but the strict requirements could stifle innovation!
It will also affect large institutions, which will enter the market in force โ but small projects will struggle with the costs, and the market will become concentrated in the hands of the big players! $ETH
Question: Will this regulation save crypto or bury it? ๐ค
#BTC #ETH
Today, the SEC announced a new regulatory framework for crypto custody โ and it could change everything!
The SEC proposed rules allowing investment firms to self-custody crypto in limited circumstances, while updating the rules for auditing and custody through brokerage firms.
This is a historic milestone โ official recognition of crypto as a legitimate asset โ but the strict requirements could stifle innovation!
It will also affect large institutions, which will enter the market in force โ but small projects will struggle with the costs, and the market will become concentrated in the hands of the big players! $ETH
Question: Will this regulation save crypto or bury it? ๐ค
#BTC #ETH