🇺🇸 U.S. Securities and Exchange Commission signals a softer stance on crypto wallets.
The SEC clarified that self-custodial wallet solutions may avoid broker-dealer registration—if they don’t steer users into specific trades or act like intermediaries. While not a formal rule, the guidance brings much-needed clarity to the space.
Hester Peirce backed the move but called for a broader regulatory overhaul to better reflect modern markets.
The crypto community is calling this one of the most important updates yet. It follows earlier guidance that excluded many memecoins and stablecoins from securities classification.
Bottom line: self-custody just got a regulatory boost—and that’s huge for crypto adoption. 🚀
💬 Elon Musk’s Father Declares Crypto the Future of Finance
Errol Musk says it clearly: crypto is the future of finance.
In a recent interview, he called the traditional banking system “finished,” pointing to slow and complex cross-border transfers. By contrast, he praised crypto for enabling instant global payments without friction.
He even shared real experience—receiving funds through crypto networks instead of banks. He also revealed he has met Changpeng Zhao and interacted with major players in the space.
Despite his strong belief, Musk admits he doesn’t personally hold crypto yet.
Meanwhile, he claims Elon Musk and Kimbal Musk together own 23,400 BTC. If true, that’s a massive position.
He also noted past payments in Solana—sold near peak.
Old money vs new finance? The shift may already be happening.
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