SEC Favors BNY Mellon Crypto Custody
This is a US news story, published by CoinGape, that relates primarily to BNY Mellon news.
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•Is US SEC Favouring BNY Mellon on Crypto Custody? Hester Pierce Thinks So
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Banking giant BNY Mellon has moved a step closer to offering custodial services to crypto ETF issuers.
US SEC gave a nod for the banking giant to offer crypto custody by exempting some of the SAB 121 accounting rules specifically applicable to crypto custodians.
Caitlin Long , the CEO of crypto-friendly Custodian Bank , has openly called out this unfair treatment.
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