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SEC Chair Drops Bombshell: Crypto Custody Rules Headed for Major Shake-Up
SEC Chair Drops Bombshell: Crypto Custody Rules Headed for Major Shake-Up
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Wall Street’s favorite punching bag—digital assets—might finally get a rulebook that doesn’t look like it was written in 1998. SEC Chair Gary Gensler just hinted at sweeping custody reforms, sending crypto lawyers into billable-hour ecstasy.
What’s changing? The ’qualified custodian’ standard—currently about as flexible as a brick—could get a 21st-century overhaul. Expect heated debates about who actually ’controls’ your Bitcoin when it’s parked with your friendly neighborhood exchange (until they implode, of course).
Meanwhile, traditional finance giants are quietly salivating. Nothing they love more than regulatory uncertainty—it keeps the little guys scrambling while they lobby for rules only they can afford to follow.
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