đš THE SEC ISNâT DEBATING WHETHER WALL STREET CAN HOLD CRYPTO ANYMORE â ITâS WRITING THE CUSTODY RULES.
On Oct. 1, the SEC proposed a new framework for how investment advisers and regulated funds can custody digital assets, including clearer paths for qualified custodians and, under certain conditions, self-custody.
That sounds boring.
It isnât.
Institutional crypto adoption has always hit the same wall:
Who holds the assets?
How are they segregated?
What safeguards are required?
Who is liable if something breaks?
The SEC is finally trying to answer those questions.
That changes the narrative from:
âCan Wall Street touch crypto?â
to:
âWhat rules does Wall Street need to follow to hold it?â
Thatâs a much more advanced stage of adoption.
ETFs brought crypto onto brokerage screens.
Custody rules could bring it deeper into portfolios.
$BTC $ETH $COIN
#secproposescryptocustodyrules #SECApproves3xLongCryptoCommodityETPs #G7PlansToReleaseUpTo100MBarrelsOilDiesel #ICBASuesOCCOverCryptoBankCharters #USStocksCloseHigherOnWeakJobsData
On Oct. 1, the SEC proposed a new framework for how investment advisers and regulated funds can custody digital assets, including clearer paths for qualified custodians and, under certain conditions, self-custody.
That sounds boring.
It isnât.
Institutional crypto adoption has always hit the same wall:
Who holds the assets?
How are they segregated?
What safeguards are required?
Who is liable if something breaks?
The SEC is finally trying to answer those questions.
That changes the narrative from:
âCan Wall Street touch crypto?â
to:
âWhat rules does Wall Street need to follow to hold it?â
Thatâs a much more advanced stage of adoption.
ETFs brought crypto onto brokerage screens.
Custody rules could bring it deeper into portfolios.
$BTC $ETH $COIN
#secproposescryptocustodyrules #SECApproves3xLongCryptoCommodityETPs #G7PlansToReleaseUpTo100MBarrelsOilDiesel #ICBASuesOCCOverCryptoBankCharters #USStocksCloseHigherOnWeakJobsData
