Fortunate (fortunate10.base.eth)

SEC staff open to advisers using trust companies as crypto custodians The SEC's Division of Investment Management said it wouldn’t recommend that the agency take action against advisers who use a state trust company as a crypto custodial The US Securities and Exchange Commission staff has opened up to allowing investment advisers to use state trust companies to custody cryptocurrency assets. In a rare no-action letter, the SEC’s Division of Investment Management said on Tuesday that it wouldn’t recommend that the SEC take enforcement action if advisers used state trust companies as a crypto custodian. Law firm Simpson Thacher & Bartlett had sent a letter to the Division on Tuesday, wanting assurances that registered financial institutions, such as venture capital firms.

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In just a few years, stablecoins have gone from a niche crypto experiment to one of the most important innovations in global finance. With over $250 billion in circulation, more than $1 trillion in monthly transaction volume and adoption by giants like PayPal, Stripe and JPMorgan, they are rapidly becoming a mainstream payment option. Stablecoins now process more monthly volume than Visa and PayPal combined, with $33 trillion compared to Visa’s $13 trillion. Their use cases also span corporate treasury management, cross-border payroll, e-commerce, tokenized money markets and beyond.

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Your death is more certain than your marriage before you look for soul mate, save your soul, mate

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Life can be so funny at times but don't give up on your dreams

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