bitcoincustody

Traditional U.S. banking is continuing to swallow the crypto market from the inside: Minnesota Governor Tim Walz has signed law HF 3709, allowing local banks and credit unions to launch direct custodial support for Bitcoin starting August 1. The Minneapolis giant U.S. Bancorp (7th largest bank in the U.S.) can now legally hold clients' keys on isolated balances, while local lawmakers are simultaneously cleaning up the streets of retail crypto ATMs through law SF 3868, effectively locking capital flows to state-approved intermediaries. The current influence on BTC price won't be felt immediately, but in the long run, this is a strong bullish driver that strips CEX exchanges of their monopoly on custody and redirects trillion-dollar capital from conservative American investors straight into digital gold via familiar banking apps.

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