Saylor: SEC and CFTC to advance bitcoin custody rules soon
- —Saylor expects the SEC and CFTC to advance BTC custody rules
- —Banks could begin offering bitcoin-backed loans
- —The CFTC already allows BTC as collateral in derivatives
- —Progress does not depend on passage of the CLARITY Act in Congress
Why it matters: Expanding bank custody of BTC would strengthen institutional demand and bolster confidence in crypto.
Source: Coinfomania