π° News Alert...
π Title: SEC Signals Approval for State-Chartered Trusts in Digital Asset Custody
ποΈ Published: 2025-10-01T03:01:25.000Z
π Summary: The SEC staff has issued another no-action letter, reinforcing the position that state-chartered trusts are acceptable custodian entities for digital assets. This development highlights the agency's evolving stance on digital asset custody, suggesting increased regulatory clarity and confidence in state-level oversight for these financial entities. Market participants view this as a positive step toward broader institutional adoption and enhanced trust in cryptocurrency management.
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ποΈ Source: Jesse Hamilton
π #CryptoCustody #Regulation #DigitalAssets

U.S. SEC Takes Preliminary Step to Expand Universe of Crypto Custody to State Trusts
Another no-action letter from the agency staff signals the SEC's view that state-chartered trusts are fine for handling digital asset custody.



