21 Jul 2023

The Friday Focus 95 - Nasdaq's crypto plans have hit a pause

Nasdaq halts its crypto custody service citing regulatory conditions, U.S. house republicans introduce crypto oversight bill, and Gensler adds remarks to the Ripple case. This, and more, in today's Friday Focus.
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Top stories

  • Nasdaq Halts Plan for Crypto Custody Service
  • U.S. House Republicans Introduce Crypto Oversight Bill
  • Gensler responds to Ripple decision
Nasdaq Halts Plan for Crypto Custody Service Nasdaq has decided to pause the launch of its U.S. digital assets custodian business and the pursuit of relevant licenses. The decision stems from concerns regarding the shifting business and regulatory environment in the U.S., as CEO Adena Freidman explained during an earnings call. The exchange operator had been awaiting approval from the New York Department of Financial Services by the end of June to offer custody services to clients. The intention to enter the crypto custody space was
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