FT reports American regulators are poised to take a more active regulatory role. About a two minute read.
Comment: wow, this effort seems confused, but no wonder as it mentions are struggling to determine “who has the legal authority”, meaning a bureaucratic turf war in happening behind the scenes. Likely to slow efforts: a review of National Trust Charters for firms providing cryptocurrency custody. That’s Big Business and in The US they have Big Influence.
Custody briefly explained below