U.S. SEC Greenlights State Trusts for Crypto Custody - Major Expansion Underway

Wall Street's crypto doors just swung wider open.

The Regulatory Shift

The SEC's move transforms state-chartered trusts into legitimate crypto custodians - bypassing traditional banking gatekeepers. Institutional money now gets fresh entry points into digital assets.

Market Implications

State trusts suddenly compete with national banks for crypto custody revenue. Watch for rapid infrastructure scaling as these entities race to capture institutional flows. The custody landscape fractures - and diversifies - overnight.

The Compliance Tightrope

Regulators walk their favorite line: enabling innovation while maintaining plausible deniability when things inevitably blow up. Because what could possibly go wrong letting state-level entities safeguard billions in volatile digital assets?

Another bureaucratic baby step toward mainstream crypto adoption - complete with all the regulatory theater Wall Street expects.