The recent U.S. elections have significantly impacted the cryptocurrency industry, with pro-crypto candidates securing critical victories, including Donald Trump's win over Kamala Harris.
The phased implementation schedule begins with stablecoin regulations effective from 30 June 2024, with full regulations operational by 30 December 2024.
Although BNY Mellon still seeks approval from other regulators, its move into crypto custody could boost confidence and investment in the sector, potentially driving significant market growth.
