[U.S. SEC Allows State Trust Companies to Custody Crypto Assets] The U.S. SEC issued a no-action letter, permitting registered investment advisors and regulated funds to designate state-chartered trust companies as qualified custodians for crypto assets. This provides legal clarity for the management of digital assets like Bitcoin ($BTC) and Ethereum ($ETH), and is seen as a further relaxation of regulatory attitudes toward the crypto market.

[Bitcoin Recorded Positive Returns 9 Times in October Over the Past 10 Years] Data shows that Bitcoin achieved positive returns in October 9 times over the past 10 years.

Another no-action letter from the agency staff signals the SEC's view that state-chartered trusts are fine for handling digital asset custody.

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