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Navigating Digital Asset Regulation
This chapter delves into a recent executive order addressing digital assets, discussing its establishment of a regulatory working group and the perception of its effectiveness within the crypto community. It contrasts the advancements in foreign markets with the stagnation in U.S. regulatory action, especially regarding Bitcoin, and analyzes the implications of the Federal Reserve potentially holding cryptocurrencies. Additionally, the repeal of a controversial SEC bulletin and the impact on bank custody solutions showcase a shifting landscape for crypto regulation and institutional involvement.