Weekly Roundup 02/17/23 (BUSD Wells notice, Howey vs Reves, the SEC’s custody guidance) (EP.397)
On The Brink with Castle Island
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Cryptocurrency and the New York Trust Licensing
It'll mean that the market will have to come to resemble much more the market structure that we see in traditional securities where exchanges are not vertically integrated. There could be some kind of non crypto industry participants that push back on this. But if it's passed as is, at least on my first take is it's workable for the crypto industry. It might be, it might cost some money to come into compliance for some folks, but it seems to be workable.
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