Coinbase Custody: A Single Level of Failure for Crypto ETFs?

• SEC’s SAB 121 might centralize crypto custody, elevating dangers of single-point failures.
• ETF issuers should improve safety as North Korean hackers goal crypto-related merchandise.
• $3B in stolen crypto by North Korean hackers underscores the necessity for stronger safeguards.

Learn additionally: When Will You Purchase Ethereum ETFs? SEC Approval Timeline in Limbo

The SEC’s place on crypto custody, as highlighted by SAB 121, might inadvertently be concentrating dangers inside the cryptocurrency market. Fox Enterprise journalist Eleanor Terrett factors out that by discouraging federally regulated banks from holding crypto property, the SEC is successfully limiting the pool of potential custodians.

Terrett additional emphasizes that this centralization may enhance the crypto ecosystem’s vulnerability to assaults, notably since nearl…

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