That's not all he's good at. He's the most influential playmaker in the world. And he's the most hard working as well. One of the best pressers in the world.
Unique profile.
The SEC is proposing a modification to the Custody Rule that impacts crypto.
Here are the winners and losers:
1. Big Winner: Anchorage - the only national bank that can custody crypto. Anchorage has a monopoly.
2. Cowen: Bank backed Prime Brokerage. The first bank to do prime brokerage (and fill the gap from Genesis)
3. Runner Up Winners: Trust Banks like (Coinbase Prime, Gemini Etc). The license is good, but does not enjoy Federal preemption like (1)
Losers: Pure Exchanges without a banking license or Trust Bank.
4. Non-Consensus Winner: A decentralized MPC solution for Bankless crypto natives and their Advisors.
This technology would enable clients to control their keys, digitally sign, custody on-chain - all while still enabling Advisors to advise compliantly…