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14min chapter
BTC166: Bitcoin Custody For Institutions w/ Caitlin Long and Wes Knobel (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Bitcoin Custody for Institutions: Bailment and the Role of Custodians
The chapter discusses the concept of bailment and its significance in the custody of assets. It explores how custodians use a trust company structure for legal protections and highlights the differences between state receiverships and federal bankruptcy court. The speakers also mention an SEC regulation, SAB 121, which may limit the involvement of big banks in the crypto industry.
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