SEC just dropped a custody framework proposal for crypto
Chair admits regs are stuck in pre-internet era while we're sitting on a multi-trillion dollar asset class
Key moves:
• "Compliant pathway" for advisers/funds to hold digital assets
• Self-custody arrangements now on the table
• State trust companies can play custodian
This is massive for institutional flows. Been waiting for clarity on custody since forever.
Bullish for $BTC $ETH infrastructure plays. Traditional finance finally catching up to where the market already is.
Chair admits regs are stuck in pre-internet era while we're sitting on a multi-trillion dollar asset class
Key moves:
• "Compliant pathway" for advisers/funds to hold digital assets
• Self-custody arrangements now on the table
• State trust companies can play custodian
This is massive for institutional flows. Been waiting for clarity on custody since forever.
Bullish for $BTC $ETH infrastructure plays. Traditional finance finally catching up to where the market already is.
