SEC just dropped new custody rules to patch regulatory holes.
Funds can now hold crypto through state trusts OR self-custody. Game changer for institutional access.
$COIN co-founder Brian Armstrong calling it out though - says SEC already had the authority to do this. Translation: they've been sitting on their hands.
This could unlock billions in institutional capital that's been stuck on the sidelines. Watch how custodians and exchanges react.
Funds can now hold crypto through state trusts OR self-custody. Game changer for institutional access.
$COIN co-founder Brian Armstrong calling it out though - says SEC already had the authority to do this. Translation: they've been sitting on their hands.
This could unlock billions in institutional capital that's been stuck on the sidelines. Watch how custodians and exchanges react.