• The SEC’s SAB 121 might centralize the storage of crypto property, growing the chance of a single level of failure.
• ETF issuers must step up safety as North Korean hackers goal crypto-related merchandise.
• The $3 billion price of cryptocurrency stolen by North Korean hackers highlights the necessity for stronger safety measures.

Additionally learn: When to purchase Ethereum ETF? Timeline for SEC approval is up within the air

As highlighted in SAB 121, the SEC's place on crypto custody might inadvertently focus threat throughout the cryptocurrency market. Fox Enterprise journalist Eleanor Terrett factors out that by stopping federally regulated banks from holding cryptoassets, the SEC is successfully limiting the pool of potential custodians.

Terrett additional emphasised that this centralization might make the crypto ecosystem extra weak to assaults, particularly since nearly all cryptocurrencies…

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