MicroStrategy Chairman Michael Saylor has sparked speculation by saying that “credible rumors” suggest that one or more major U.S. banks could soon offer Bitcoin (BTC) custody services.
If true, this would represent a major breakthrough for traditional financial institutions looking to enter the institutional crypto custody space.
One of these institutions, America’s largest custodian bank BNY Mellon, was recently identified during public testimony at Wyoming’s Select Committee on Blockchain, Financial Technology, and Digital Innovation Technology. The testimony revealed that BNY Mellon received an “exemption” from adhering to the SEC’s Staff Accounting Bulletin (SAB) 121, which imposes accounting guidelines for crypto custody businesses.
In a federal update on Monday, Chris Land, general counsel to U.S. Senator Cynthia Lummis, said the SEC and other regulators have cleared the way for BNY Mellon to provide institutional digital asset custody. “BNY wants to be more involved in crypto custody,” Land said. He explained that while the bank initially faced challenges with SAB 121, the SEC granted an exception that allowed BNY to move forward with crypto services.Why $DODO is the Next Big Thing in DeFi 🔥
In the competitive world of DeFi, $DODO is emerging as a standout player, reshaping the DEX landscape with its innovative features. Here’s a closer look at what makes DODO so compelling.
Cutting-Edge Features
Easy Token Launch: DODO allows users to issue tokens effortlessly across multiple blockchains, removing barriers to entry for new projects.
Custom Liquidity Pools: Users can create and manage their own liquidity pools, tailoring them to their specific investment strategies. This flexibility enhances user engagement and optimizes trading.
Stable Trading: By offering pegged assets, DODO ensures smoother trading experiences, minimizing volatility.
Meme Hub (Coming Soon): DODO is set to launch a platform dedicated to meme projects, which will increase community interaction and capitalize on the growing meme coin market.
Real-World Benefits
DODO’s innovative features translate into tangible benefits:
Seamless Token Creation: Ideal for new ventures ready to launch and capture market attention.
Earn from Liquidity: Users can add liquidity to pools and earn fees, creating a sustainable income stream.
Smoother Stablecoin Trades: Pegged pools provide a reliable trading environment, reducing slippage and enhancing trader confidence.
Unique Positioning
DODO stands apart due to its backing from leading institutions, blending trustworthiness with agility. This strong foundation positions DODO as a leader in the evolving DeFi space.
The Bright Future of DODO
As DODO continues to innovate, it promises to unlock new opportunities for traders and developers alike. Stay tuned to see how this exciting project reshapes the DeFi landscape! @DODO $DODO
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