🇺🇸🪙@BitGo's Baylor Myers, speaking on crypto custody at the SEC Crypto Task Force, stated, “We have a new technology that needs some clarification.” Myers added, “What we need is clarity, not more ambiguity.” https://t.co/JlYd2fEaF3
Custody isn’t the most exciting topic in crypto, but it’s critically important We need regulations that recognize crypto’s unique capabilities and risks Self-custody is fundamental to crypto Remember - not your keys, not your coins https://t.co/k87wDjPSvS
Secure Keys, Secure Future. 🔐
The cryptocurrency community continues to emphasize the importance of self-custody, encapsulated in the phrase "Not your keys, not your coins," which underscores the principle that control over private keys equates to control over crypto assets. Ledger, a prominent hardware wallet provider, has reiterated this message, advocating for secure key management as fundamental to protecting digital assets. Discussions have also highlighted the risks associated with losing private keys and the potential of smart accounts to mitigate these risks. Industry voices, including BitGo's Baylor Myers speaking at the SEC Crypto Task Force, have called for clearer regulatory frameworks tailored to the unique aspects of cryptocurrency custody. Myers emphasized the need for regulatory clarity rather than ambiguity to support the evolving technology.