| COINOTAG recommends • Exchange signup |
| 💹 Trade with pro tools |
| Fast execution, robust charts, clean risk controls. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🚀 Smooth orders, clear control |
| Advanced order types and market depth in one view. |
| 👉 Create account → |
| COINOTAG recommends • Exchange signup |
| 📈 Clarity in volatile markets |
| Plan entries & exits, manage positions with discipline. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| ⚡ Speed, depth, reliability |
| Execute confidently when timing matters. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🧭 A focused workflow for traders |
| Alerts, watchlists, and a repeatable process. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| ✅ Data‑driven decisions |
| Focus on process—not noise. |
| 👉 Sign up → |
- BNY Mellon has gained SEC approval to offer Bitcoin custody services.
- This marks a significant shift for financial institutions seeking to enter the crypto custody space.
- Chris Land’s testimony underscores the regulatory adjustments enabling this development.
Discover how BNY Mellon’s foray into Bitcoin custody services could reshape institutional investment in cryptocurrency.
BNY Mellon’s Landmark Approval For Bitcoin Custody Services
In a groundbreaking move, BNY Mellon, the largest custodian bank in the U.S., has obtained approval from the Securities and Exchange Commission (SEC) to provide Bitcoin custody services. This unprecedented approval identifies the bank as an institution exempted from stringent financial regulations, potentially setting a precedent for greater institutional involvement in cryptocurrency storage solutions.
Chris Land’s Revelation and its Implications
During a public hearing of Wyoming’s Select Committee on Blockchain, Financial Technology, and Digital Innovation Technology, Chris Land, counsel to Senator Cynthia Lummis, disclosed that BNY Mellon had received an exemption from the SEC, particularly from the Staff Accounting Bulletin (SAB) 121. This adjustment paves the way for the bank to expand its crypto custody operations, moving past previous regulatory challenges.
SEC’s Strategic Exemptions to Propel Institutional Participation
The SEC’s decision to grant exemptions from SAB 121 represents a strategic shift, facilitating financial entities like BNY Mellon to engage in cryptocurrency custody. Paul Munter, SEC Chief Accountant, explained that these exemptions were designed to ensure crypto assets’ security and management under state regulatory supervision before receiving SEC approval. This regulatory flexibility is expected to attract more traditional institutions to the crypto market, driving broader adoption and investment.
| COINOTAG recommends • Professional traders group |
| 💎 Join a professional trading community |
| Work with senior traders, research‑backed setups, and risk‑first frameworks. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 📊 Transparent performance, real process |
| Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
| 👉 Get access → |
| COINOTAG recommends • Professional traders group |
| 🧭 Research → Plan → Execute |
| Daily levels, watchlists, and post‑trade reviews to build consistency. |
| 👉 Join now → |
| COINOTAG recommends • Professional traders group |
| 🛡️ Risk comes first |
| Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
| 👉 Start today → |
| COINOTAG recommends • Professional traders group |
| 🧠 Learn the “why” behind each trade |
| Live breakdowns, playbooks, and framework‑first education. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 🚀 Insider • APEX • INNER CIRCLE |
| Choose the depth you need—tools, coaching, and member rooms. |
| 👉 Explore tiers → |
Potential Ripple Effects in the Financial Sector
These regulatory adjustments could herald a new era of institutional enthusiasm towards cryptocurrency investments. In recent developments, Bitwise Chief Investment Officer underscored the rising interest in Bitcoin ETFs, indicating a trend towards wider institutional acceptance. With the SEC’s leniency in place, even more financial entities might explore crypto custody services, strengthening the integration of digital assets into the mainstream financial ecosystem.
Conclusion
BNY Mellon’s approval to offer Bitcoin custody services marks a pivotal moment in the financial industry, potentially transforming how traditional institutions interact with digital assets. By navigating regulatory complexities and securing the necessary exemptions, BNY Mellon sets a blueprint for other institutions aiming to enter the crypto custody market. As regulatory frameworks evolve, the path towards greater institutional participation in cryptocurrencies becomes clearer, promising a robust future for digital asset investment.
| COINOTAG recommends • Exchange signup |
| 📈 Clear interface, precise orders |
| Sharp entries & exits with actionable alerts. |
| 👉 Create free account → |
| COINOTAG recommends • Exchange signup |
| 🧠 Smarter tools. Better decisions. |
| Depth analytics and risk features in one view. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| 🎯 Take control of entries & exits |
| Set alerts, define stops, execute consistently. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🛠️ From idea to execution |
| Turn setups into plans with practical order types. |
| 👉 Join now → |
| COINOTAG recommends • Exchange signup |
| 📋 Trade your plan |
| Watchlists and routing that support focus. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| 📊 Precision without the noise |
| Data‑first workflows for active traders. |
| 👉 Sign up → |
| COINOTAG recommends • Members‑only research |
| 📌 Curated setups, clearly explained |
| Entry, invalidation, targets, and R:R defined before execution. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧠 Data‑led decision making |
| Technical + flow + context synthesized into actionable plans. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 🧱 Consistency over hype |
| Repeatable rules, realistic expectations, and a calmer mindset. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🕒 Patience is an edge |
| Wait for confirmation and manage risk with checklists. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 💼 Professional mentorship |
| Guidance from seasoned traders and structured feedback loops. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧮 Track • Review • Improve |
| Documented PnL tracking and post‑mortems to accelerate learning. |
| 👉 Join now → |