According to a new no-action letter from the U.S. Securities and Exchange Commission (@SECGov), investment advisors can use trust companies like Gemini as qualified custodians for crypto assets. Surprise awaits! 🇺🇸

🚨Breaking News: @SECGov issued a no-action letter stating that investment advisors can use state-chartered trust companies as qualified custodians for crypto assets. What does this mean? Under the Investment Advisers Act of 1940, advisors are required to hold client assets with a qualified custodian, typically a bank or a trust company with state fiduciary authority. This guidance reassures investment advisors and registered funds that they can use state-chartered trust companies for custody of crypto assets. “Further clarity is needed because state-chartered trust companies are not universally considered qualified custodians for crypto assets,” Brian Daly, Director of the SEC’s Division of Investment Management, told me. Under this new staff guidance, state-chartered trust companies can now qualify as cryptocurrency custodians if investment advisors conduct due diligence and determine it is in the best interest of their clients. Why is this important? It opens the door to more participants in the cryptocurrency custody market and provides broader access to funds custodying crypto assets. Participants such as @coinbase, @Ripple (via @StandardCustody), @BitGo, and @WisdomTreeFunds will be recognized as qualified custodians. Daly stated, “This is a staff letter, so this issue may be addressed in future rulemakings. We believe the market will benefit from guidance tailored to today’s products, today’s regulators, and today’s issues.”

Earn Update: To enhance your account security prior to your first distribution, we have enabled the "Approved Addresses" feature for all Earn customer accounts. This update only affects customers who wish to withdraw digital assets to external cryptocurrency wallets. Full update information is available at https://t.co/89HTYDRuHR

Almost all the hot memes are showing upside momentum after a long run. Whenever this happens, retail goes crazy copying the meme. Remember this cycle started with #Fartcoin, then #SPX6900, then all the hots. Hopefully this meme cycle will last longer. $DOGE $SHIB #BigTechStablecoin #MEME

Eduardo: The mouse, 8.5 times more Eduardo is a white-footed deer rat used for experiments. His name is Eduardo Its main origin was: the founder of AI6z found on the chain also purchased this MEME, which caused everyone's FOMO and the price rose. When the club was discovered, the price was 0.00020821, and the highest price rose to 0.0019981, an increase of 8.5 times. #MEME

$BNB BNB analysis: Brothers, have you just asked everyone to pay attention to the 680 support level? This wave has started to rebound at 681. Don’t say you didn’t get in this wave, don’t you want to eat meat? At present, when looking at the trend of bnb, we need to pay attention to the short-term resistance level 688 above. If it can successfully break through, it will reach the one-hour resistance level 693. Brothers, this wave is not small, and it has been falling for a day. Is it true that it will continue to fall without a correction? Brothers, if you like Lexus, pay more attention to it. There are no shortcuts on the road to success. Only through unremitting efforts can you realize your dreams $BNB #BitcoinQuotesFocus What are the concept coins of #Trump coming to power?

Earn Update: Today, we emailed Earn users an update on the timeline of Genesis’ bankruptcy and steps to take to ensure users have access to their funds once their digital assets are returned. We expect the settlement to be effective on May 4, 2024, with the initial distribution (approximately 97% of your digital assets as of the suspension date (November 16, 2022)) expected to be completed in early June. Read our full update and visit https://t.co/89HTYDRuHR to prepare your account for the distribution.