#secsendscryptocustodyruletowhitehouse SEC SENDS CUSTODY RULE TO WHITE HOUSE. RETAIL SENDS FEE COMPLAINTS TO NOWHERE. $BTC $ETH
Big banks are about to get a clean legal path to custody your Bitcoin.
Years of lobbying. Rewritten rules. A direct line to the White House.
Meanwhile I spent 5 months and 6 case numbers just asking one exchange to look at my account like a human being, not a policy line.
Institutions get custody clarity because they have leverage — lawyers, lobbyists, trillions in AUM.
Retail traders get a script. And if we're lucky, a week of free VIP.
I'm not against the rule. Clearer custody is good for the market.
I'm just noticing who gets a seat at the table when the rules get written — and who gets left reading the fine print after the losses are already booked.
$176.8T is moving toward better protection.
Protect your own account too. Nobody's coming to do it for you.
— Abdul Salam
29,401 trades. Still watching who the rules are actually for.
#SECSendsCryptoCustodyRuleToWhiteHouse #TraderProtectionFund #RiskManagement
Big banks are about to get a clean legal path to custody your Bitcoin.
Years of lobbying. Rewritten rules. A direct line to the White House.
Meanwhile I spent 5 months and 6 case numbers just asking one exchange to look at my account like a human being, not a policy line.
Institutions get custody clarity because they have leverage — lawyers, lobbyists, trillions in AUM.
Retail traders get a script. And if we're lucky, a week of free VIP.
I'm not against the rule. Clearer custody is good for the market.
I'm just noticing who gets a seat at the table when the rules get written — and who gets left reading the fine print after the losses are already booked.
$176.8T is moving toward better protection.
Protect your own account too. Nobody's coming to do it for you.
— Abdul Salam
29,401 trades. Still watching who the rules are actually for.
#SECSendsCryptoCustodyRuleToWhiteHouse #TraderProtectionFund #RiskManagement
