The U.S. Securities and Exchange Commission (SEC) has issued a statement offering interim guidance on the custody of crypto asset securities by broker-dealers. This move aims to provide clarity while the SEC reviews the broader custody framework, potentially impacting how broker-dealers manage digital assets. In other developments, the U.S. Federal Reserve has retracted its 2023 policy that restricted uninsured banks from engaging with cryptocurrencies. This policy reversal is expected to foster innovation by allowing more financial institutions to explore crypto-related activities. Meanwhile, Coinbase has expanded its offerings by launching stock trading services in the United States, further diversifying its financial product lineup.