The U.S. Securities and Exchange Commission (SEC) has issued a no-action letter allowing investment advisers to use state-chartered trust companies as qualified custodians for cryptocurrency assets. This move is expected to provide more flexibility and security for crypto asset management. In other news, Tether has made a significant acquisition of 8,880 Bitcoin, valued at approximately $1.05 billion, according to data from Nansen. This purchase underscores Tether's ongoing strategy to bolster its reserves with Bitcoin, reflecting confidence in the cryptocurrency's long-term value.