SEC releases new custody guidelines! Is the door to institutional entry about to open? 🚨
The SEC has just updated its guidelines on cryptocurrency custody rules for investment advisors. The core is: if you manage cryptocurrency assets for clients, you must use a qualified custodian. This seems like a tightening of regulations, but in reality, it is paving the way for large traditional funds.
Why is this important for traders? Clear rules will force more institutions to choose compliant custodians (such as exchange custody services). This reduces the compliance risk for institutions and is a key step in encouraging them to allocate cryptocurrency on a large scale. In the short term, it may trigger speculation around the custody concept.
💡 Key Insight: This is not bearish; rather, it is building infrastructure for the next wave of institutional bull markets. Pay attention to platform tokens that collaborate with mainstream custody services, as well as compliant blue-chip crypto assets.
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