AS BITCOIN RALLIES, BANKS ARE PUSHING US REGULATORS TO CHANGE CRYPTO GUIDANCE

Summary from the TLDR Crypto newsletter

Major US banking associations have asked the SEC to amend its definition of crypto assets because they want to be able to serve as custodians for newly approved spot Bitcoin ETFs. The banks have asked the SEC to change guidelines issued in March 2022, which make it more costly for banks to offer large-scale crypto custody services.