One of the world's most prominent custodians of money has made executive-level decisions to start treating cryptocurrencies just as they might treat any other currency or financial asset. Obviously, this is easier said than done.
Former Acting Comptroller of the Currency Brian Brooks did make some headway during the Trump Administration, making it easier for financial institutions to hold and transfer cryptocurrencies, but of course there's still lots of work to be done on the regulation side.
At the moment, it's probably easier for most banks to operate in the old fashioned way, simply because usage of digital assets is a regulatory gray area, especially in the United States, and who wants to consult 13 lawyers before making a simple transaction.
However, the longer these assets are around, the easier it gets to use them. The more financial institutions who pioneer this mindset and plough forward through the red tape, the more convenient it will become for both them and us to transact freely in the digital economy.
