Banks petition SEC for crypto custodianship role amid Bitcoin ETF surge

Major banking institutions in the United States are lobbying the Securities and Exchange Commission (SEC) to reevaluate its crypto asset definition, aiming to secure a more prominent role in the burgeoning cryptocurrency market. This push comes after the recent approval of spot Bitcoin exchange-traded funds (ETFs), which notably excluded American banks as asset custodians. Banking […] source: https://www.cryptopolitan.com/banks-petition-sec-for-crypto-custodianship/