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SEC Commissioner Hester Peirce announced that the SEC is allowing regulated financial institutions to bypass a rule that previously prevented them from custodying Bitcoin and other cryptocurrencies. Peirce noted that this change is being made for particular entities, which could lead to increased institutional adoption of cryptocurrencies. This move signals a shift in the regulatory approach towards cryptocurrencies, potentially opening the door for more traditional financial institutions to enter the crypto space.
🇺🇸 SEC Commissioner Hester Peirce says certain entities are now allowed to custody #Bitcoin and crypto, noting, "We're peeling it back for particular entities." #Crypto #CryptoInvestor https://t.co/KhgNX2UhaW
🇺🇸 SEC: Commissioner Hester Peirce says certain entities are now allowed to custody #Bitcoin and crypto, noting, "We're peeling it back for particular entities." https://t.co/vZTc4hVlYP
BIG MOVES: BANKS GAINING ACCESS TO BITCOIN CUSTODY The SEC’s allowing regulated financial institutions to bypass rules and hold Bitcoin & crypto. This signals a shift - institutions are positioning for long-term exposure, but it could also bring more scrutiny and… https://t.co/aXWQPiZ3vQ
