Jesse Hamilton reports that the SEC is working on a framework for investment advisers and funds dealing with crypto custody.
Translation: 🏦 Wall Street: “Can we hold the Bitcoin now?” 🇺🇸 SEC: “Okay… but here are 47 pages of rules.” 😂
The goal is to bring clearer custody and compliance rules for firms managing crypto assets — potentially making it easier for traditional investment firms to enter the digital-asset space.
$MON Monad’s native token MON is attracting strong attention today after the Layer-1 blockchain teased a major privacy-focused development scheduled for October 6.
$MON has recently shown strong momentum, rising from around $0.027 to above $0.033, while trading volume increased alongside the breakout. Current market data puts MON around $0.034, with 24-hour trading volume above $119 million. (Bybit)
The upcoming announcement is expected to be revealed during Monad’s Open Summit in Singapore. Monad’s teaser simply stated: “Privacy is coming.” The exact scope of the new privacy technology has not yet been disclosed. (KuCoin)