<ul><li>BNY Mellon has received SEC approval to hold crypto assets beyond Bitcoin and Ethereum ETFs.</li><li>The approval is thanks to the bank's non-objective status, allowing them to broaden their crypto asset services.</li><li>This designation is an exception to the SAB 121 rule, making it easier for traditional banks to offer crypto custody services.</li><li>BNY Mellon's approval could lead to more competitive fees compared to non-bank services and potential market expansion for traditional banks.</li></ul>

Gary Gensler Says BNY Mellon Crypto Custody Approval Could Go Past BTC, ETH ETFs

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