According to Crypto Rover, SEC Commissioner Mark Uyeda stated that state-chartered trusts should be authorized to custody Bitcoin and other cryptocurrencies. This regulatory endorsement could provide greater institutional legitimacy and operational clarity for crypto custodians, potentially increasing institutional trading volumes and market participation. Uyeda's comments highlight the evolving regulatory landscape and may signal forthcoming changes in how major trading firms and institutional investors approach crypto asset security and compliance. Source: Crypto Rover on Twitter, April 26, 2025.