Not even a whisper from Washington about NASDAQ offering crypto custody

The title says it all. Maybe you haven’t seen the news but NASDAQ is planning on offering a crypto custody service some time this year. Not in the far future after we’ve got a bunch more clarity on regulation or volatility has died down, but literally this year in this shitshow of a market. No concern at all about the opacity that is the SEC and their Wells notice dinner invitations or the White House report that speaks of crypto as an abject failure.

We’ve seen the SEC raise a stink about custody services recently and who should be authorized to offer them, they’ve also voiced this concern to Grayscale and sued Coinbase. Senators and Congress also voicing the dangers of crypto and so far have been totally mum about it (Elizabeth Warren says absolutely no crypto in your 401k!).

Where are they now? Well, they’re at home drinking Opus One doing other shit because they dont actually care. They only care that incumbents get their piece of the pie. You’re not a tradfi legacy institution? Sorry there’s not enough room on this block for you. Its a scam, ponzi, no value pet rock if you’re not on Wall Street.