“A bank may provide its customers with virtual currency custod | Coin Bureau Insider

“A bank may provide its customers with virtual currency custody services so long as the bank has 26 adequate protocols in place to effectively manage risks and comply with applicable laws.”

To get involved in crypto custody, said banks must adhere to three specific requirements…

Effective risk management systems, insurance coverage and a program to address the overarching risks associated with digital assets.

With the federal government mired in bureaucracy and an inability to act quickly, US states have been taking advantage of the 10th amendment of the US constitution and taking matters into their own hands.

Even Wyoming has explored plans for a state-issued stablecoin…

This is particularly interesting as it seems to illustrate an interest and trust in cryptocurrency at state-level that is not present at federal-level.

With various hearings and debates about digital assets in the US, state-based crypto legislation is a prospect that has perhaps not yet been explored enough…

https://cointelegraph.com/news/us-senate-allows-virginia-banks-to-offer-crypto-custody-services