U.S. Bancorp Resumes Bitcoin Custody Services After Regulatory Changes

U.S. Bancorp is back in the Bitcoin custody game, partnering with NYDIG to offer services to institutional investors once again. This move comes after deregulation by the SEC regarding their previous SAB 121 policy, and focuses on those looking to invest in Bitcoin ETFs and other assets. The relaunch signals a surge in institutional involvement within the crypto market, potentially boosting adoption as regulations become clearer. While immediate reactions remain subdued, it’s clear this step will benefit both institutions and investors alike.