Post
Topic
Board Economics
Re: The real change is happening
by
Fortify
on 06/09/2025, 10:01:06 UTC
US Bancorp has reentered the crypto space by relaunching its digital asset custody services aimed at institutional investment managers. This shows the importance of an administration that is ready to accept cryptocurrencies wholeheartedly. Many corporations will be now free to hold crypto and even offer services related to that. This will continue to lead to a mass adoption very quickly.

Quote
The Minneapolis-based bank, the fifth-largest commercial bank in the US, first launched its custody service in 2021 in partnership with fintech firm NYDIG, before it was paused due to the SEC guidance. With the rule rescinded, US Bancorp is proceeding with a renewed push.

It's nice to see that banks are ready to take action and see plenty of profits in the crypto space, because that just means more money will pour in. The general public are interested in having more of these "exotic" assets in their investment portfolio and it's a major selling point for any funds that can offer it. With a crypto friendly president in charge we are likely to see more support in future and if you consider the Trump token it's unlikely to revert in the next 4 years. The fact that the fifth biggest bank has done this means the others are likely to follow suit very soon, as they let someone else test the waters and see there is no push back. It's only upwards from here.