Gary Gensler: BNY Mellon's Custody Model Could Expand Beyond Bitcoin and Ethereum ETFs

Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), stated that the custody model used by Bank of New York Mellon (BNY Mellon) for cryptocurrency exchange-traded funds (ETFs) could potentially be extended beyond Bitcoin and Ethereum. According to ChainCatcher, Gensler emphasized that the structure of the custody model is not specifically tied to a particular cryptocurrency, indicating its adaptability for broader use in the crypto space.