SEC Grants State Trusts as Crypto Custodians: Grim Nod, Big Laughs & Surprises
For years the path was blocked, a road paved with fear and hissed warnings. Advisers stood ankle-deep in mud, unsure if state trusts could cradle crypto; many skipped them, fearing penalties that might drop like anvils. Now the SEC speaks in plain ink: these firms can serve as custodians, provided safeguards stand firm and advisers keep clients’ assets properly protected. The system moves, albeit with the patience of a tired mule and the irony of fortune. 🐴🔐






