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SEC Remains Firm on Cryptocurrency Custody Rule Despite Industry Pushback

SEC Remains Firm on Cryptocurrency Custody Rule Despite Industry Pushback

During a recent interview, SEC chief accountant Paul Munter doubled down on the agency's stance regarding a controversial rule restricting banks from providing custody services for cryptocurrencies. According to Munter, despite vocal opposition from the industry, the SEC's position remains unchanged. This ongoing standoff between the SEC and the banking sector has major implications for the future of cryptocurrency regulation in the United States.