#sechaltscryptoetfreviewsamidfundinglapse The SEC
chair just said the quiet part out loud.
"The
crypto
asset market has grown from a niche curiosity into a multi-trillion-dollar asset class... Unfortunately, our rules and regulations have not kept pace." — Paul Atkins, yesterday.
That's not a conference talking point. That's the sitting SEC chair admitting the regulator spent a decade playing catch-up while the asset class went multi-trillion.
And he's pairing rhetoric with action: a 760-page custody framework that would let investment advisers self-custody client crypto (with conditions) and let state trust companies serve as custodians. Translation: the plumbing for Wall Street to actually hold this stuff is being built piece by piece, whether or not Congress ever passes the CLARITY Act.
Skeptic's corner, because that's our job: this is a proposal, not a rule. It can be watered down, delayed, or litigated. But directionally? The agency that spent years arguing about whether tokens are securities is now building the on-ramps. That's a regime change, not a press release.$CAP $TAG $ONE
chair just said the quiet part out loud.
"The
crypto
asset market has grown from a niche curiosity into a multi-trillion-dollar asset class... Unfortunately, our rules and regulations have not kept pace." — Paul Atkins, yesterday.
That's not a conference talking point. That's the sitting SEC chair admitting the regulator spent a decade playing catch-up while the asset class went multi-trillion.
And he's pairing rhetoric with action: a 760-page custody framework that would let investment advisers self-custody client crypto (with conditions) and let state trust companies serve as custodians. Translation: the plumbing for Wall Street to actually hold this stuff is being built piece by piece, whether or not Congress ever passes the CLARITY Act.
Skeptic's corner, because that's our job: this is a proposal, not a rule. It can be watered down, delayed, or litigated. But directionally? The agency that spent years arguing about whether tokens are securities is now building the on-ramps. That's a regime change, not a press release.$CAP $TAG $ONE
