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US Regulators Advance Crypto Trust Charters Amid Growing Senate Scrutiny
(2 hours ago) · 1 source · Summarized by CryptoBipto
US regulators are moving forward with crypto trust charters, a type of license that allows companies to custody and manage digital assets under a trust framework. At the same time, members of the US Senate are increasing their scrutiny of how these charters are being granted and regulated.
WHY IT MATTERS
Think of a trust charter like a special license that lets a company act as a safe-keeper for other people's money or assets — similar to how a bank holds your savings.
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SOURCES
- cointelegraph.com
RELATED
Crypto Trust ChartersUS RegulationSenate OversightCrypto CustodyInstitutional Adoption
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