SEC Chairman: Allow Bank of New York Mellon to provide cryptocurrency custody services beyond ETFs
According to Bloomberg, US Securities and Exchange Commission (SEC) Chairman Gary Gensler stated that the architecture used by Bank of New York Mellon (BNY) to provide digital asset custody services is not limited to the Bitcoin and Ethereum exchange traded funds (ETFs) that the bank is considering.
Earlier this week, BNY confirmed that it had submitted a plan to the Office of the Chief Accountant of the SEC to custody these two assets in a way that would protect customer funds in the event of a bank bankruptcy. The agency has expressed "no objection" to the plan, a regulatory term that allows the bank to not worry about its structure violating SEC requirements, which require banks to reflect the value of digital assets they hold on their balance sheets. BNY previously stated to Bloomberg that the SEC's no objection opinion only pertains to the use cases of ETFs.
"Although the actual consultation involves two types of crypto assets, the structure itself does not depend on which type of crypto asset it is." Gensler told Bloomberg after delivering a speech at the Federal Reserve Bank of New York's annual U.S. treasury bond bond market meeting on Thursday: "It does not matter which crypto currency it is."
Gensler stated that the architecture proposed by BNY includes the use of individual cryptocurrency wallets, each with an independent bank account, and prohibits mixing with bank assets. He stated that whether to expand the scope of digital asset use cases suitable for custody depends on the bank's own decision.
Gensler praised BNY's preparation work in ensuring ownership of client assets, ensuring that they are not ranked last in debt repayment in the event of bankruptcy. In recent years, Celsius Network, FTX, Voyager Digital, and other digital asset platforms have gone bankrupt, leaving thousands of cryptocurrency traders in such a predicament.
Gensler said, "If this bank or any other bank uses the same structure, they will receive the same unanimous opinion
Gensler pointed out that multiple banks and brokers have been discussing potential digital asset custody frameworks that can separate client assets from banks, thereby avoiding the requirements of SAB 121. SAB 121 sets out the institution's balance sheet requirements for cryptocurrencies, which have been strongly opposed by the cryptocurrency industry. Earlier this year, US President Joe Biden vetoed congressional efforts to overturn SAB 121.
(责任编辑:百科资讯)
- ·苹果火币交易版
- ·中俄贸易概念31日主力净流出11.24亿元,海能达、跃岭股份居前
- ·ASIC 寻求高等法院就加密货币收益产品做出裁决
- ·摩根大通称美国可能已躲过衰退,并警告经济增长放缓即将到来
- ·以太坊新晋巨鲸 Abraxas Capital:单周吸筹超 27 万枚 ETH,Tether 的「神秘」大客户
- ·极付钱包下载-极付钱包btcc
- ·请问新易贷可不可靠?最近想在新易贷上借款。
- ·碳基材料概念31日主力净流出3.89亿元,力合科创、中天科技居前
- ·股票佣金怎么查询
- ·五月初厦门穿什么衣服-厦门5月初穿什么衣服
- ·韩国拟推出韩元支撑稳定币以遏制资本外逃,加密政策或迎重大变革
- ·经纬辉开收盘涨3.44%,主力资金净流入6302.96万元
- ·火币网在哪公司
- ·飞行汽车(eVTOL)概念31日主力净流出11.54亿元,建新股份、中信海直居前
- ·我来贷利率是多少,借款的流程是什么?
- ·大饼近期行情走势
- · 全球三大虚拟货币交易平台
- · 虚拟货币交易平台排名
- · 虚拟货币交易平台有哪些
- · 0kx交易所官网
- · 虚拟货币交易
- ·欧易交易所下载
- · okx网页版
- · 欧亿交易所怎么样。
- · okx交易所app官网链接
- · 数字货币交易平台app