The SEC proposes to include state-chartered trust companies as qualified custodians, aiming to enhance competition in the custodial market. This change, suggested by SEC Commissioner Mark T. Uyeda, could expand custodial options for institutions and bring clarity to regulatory frameworks.
The potential inclusion aligns with historical financial trends and reflects a desire for innovation in crypto custodial services. However, market stability relies on clear regulatory pathways and guidance for non-security crypto and traditional securities, impacting institutional investment dynamics.
Full story here: https://coincu.com/334388-sec-expands-crypto-custodian-eligibility
