SEC Chair Discusses Digital Asset Custody Structure

According to Odaily, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler recently commented on the digital asset custody services provided by BNY Mellon. Gensler indicated that the structure used for these services could potentially be applied beyond the bank's consideration of Bitcoin and Ethereum ETFs. He emphasized that the structure itself does not depend on the nature of cryptocurrencies, stating, 'The structure itself does not rely on what cryptocurrency is; it does not matter.'