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- Where will TRUMP coin land by 8:00 AM UTC, April 30? 🙋
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SEC Commissioner: Consider classifying state-chartered trust companies as qualified encryption custodians.
Mark T. Uyeda, a commissioner of the SEC, stated at the cryptocurrency asset custody roundtable that federal regulators have currently allowed national banks to custody cryptocurrency assets in an accomplice capacity. He suggested that the SEC should consider allowing investment advisers to use state-chartered limited purpose trust companies with trust functions as "qualified custodians" for cryptocurrency assets.