Biden Administration says it will veto legislation to allow banks to actually custody crypto - it would “disrupt the SEC’s work to protect investors”

This will cost them votes.

If they’re doing this before Nov I’m scared for what comes after Nov.

Seems they no longer care.

I don’t know how many people here watched the house hearings in 2022 after ftx took a shit but the republicans were by far more aligned with blockchain and self custody than any of the democrats. Their focus was on diversity hiring, no fdic insurance, transaction anonymity, tax avoidance.  Zero crypto comprehension.