The Bank of New York Mellon (BNY) is on the verge of offering crypto custody services for its ETF clients, focusing on Bitcoin and Ether, following a key regulatory shift from the United States Securities and Exchange Commission (SEC). The SEC has eased its stance, allowing BNY to bypass previously contentious crypto accounting guidelines. Earlier […]
During a recent congressional hearing, U.S. Representative Tom Emmer fiercely criticized Securities and Exchange Commission (SEC) Chair Gary Gensler, labeling him as the most “destructive” and “lawless” chair in the SEC’s 90-year history. Emmer expressed his frustration with Gensler, saying, “You’ve coined the term ‘crypto asset security.’ This term doesn’t exist in any statute, you […]
Bitcoin has often been misunderstood as a “risk-on” asset, according to Robbie Mitchnick, head of digital assets at BlackRock. In a Sept. 24 interview with Bloomberg, Mitchnick explained, “The crypto industry has unintentionally contributed to this misconception.” He went on to say, “Some publications and daily commentaries have taken the fact that Bitcoin, as a […]