Wu Blockchain (@WuBlockchain): According to Crypto reporter Yueqi Yang of The Information, some large U.S. banks are taking advantage of the regulatory loosening under President Tru…
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According to Crypto reporter Yueqi Yang of The Information, some large U.S. banks are taking advantage of the regulatory loosening under President Trump to enter the crypto services sector, primarily focusing on cryptocurrency custody. Meanwhile, Coinbase is in talks with banks to offer custody and trading services, but many banks still need to obtain regulatory approval from the Federal Reserve and the New York Department of Financial Services, and face regulatory capital considerations, which slow their entry into crypto trading. x.com/Yueqi_Yang/sta…