The US Securities and Exchange Commission (SEC) has quietly, for those who may not be aware, updated its guidance on how broker-dealers handle cryptocurrencies, making it easier for Wall Street giants like Morgan Stanley and Goldman Sachs to act as custodians. This change redefines what it means to have “control” over your digital assets. The new framework enables banks to demonstrate custody through legal arrangements, rather than direct possession of private keys, a move that has sparked debate and conc ...