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Navigating Digital Asset Custody and Regulation
This chapter explores Anchorage's journey as a key player in the digital asset ecosystem, focusing on their role in providing custody solutions for institutional investors. It discusses the challenges and milestones in becoming a qualified custodian, including regulatory hurdles and the importance of maintaining a banking charter. The chapter also highlights the debanking trend faced by the crypto industry, illustrating the broader systemic issues through personal anecdotes and a recent Senate banking hearing.