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U.S. Bancorp re-embraces bitcoin after end of Biden-era snag
U.S. Bancorp has restarted bitcoin custody services following the demise of Biden-era regulatory guidance that had suggested banks needed to report crypto-related assets as liabilities. The Minneapolis-based superregional bank announced the revival Wednesday, saying the services are meant for institutional investment managers with registered or private funds who "seek a secure safekeeping solution" for bitcoin. NYDIG, the bitcoin firm with which U.S. Bancorp originally partnered, will act as the bitcoin sub-custodian, while the bank will be the client intermediary. In the service's latest iteration, U.S. Bancorp ... (full story)
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