🔥 SEC Approves Crypto Custody by State-Chartered Trusts — Institutional Adoption Incoming? 🔥
The U.S. Securities and Exchange Commission (SEC) has issued a no-action letter that could reshape the institutional crypto landscape: investment advisers are now allowed to use state-chartered trust companies as qualified custodians for crypto assets.
This move marks a major regulatory breakthrough, removing the legal uncertainty that kept many funds and managers from securely holding digital assets.
In practice, firms like Coinbase Trust, BitGo Trust, and others operating under state regulation can now custody Bitcoin, Ethereum, and other crypto assets for institutional clients — with SEC backing.
Experts are calling this a key step toward unlocking the next wave of institutional adoption, as it expands regulated custody options and strengthens the sector’s infrastructure.
Will this decision accelerate the entry of major funds into crypto and change the game for digital assets?
Drop your thoughts below and stay tuned for more updates! 🚀📊
