On September 20, according to Un Chained Crypto, in public testimony before the Wyoming Select Committee on Blockchain, Financial Technology, and Digital Innovation Technologies, the largest custodian bank in the United States, Bank of New York Mellon (BNY), was confirmed to have received U.S. securities from its institutional cryptocurrency custodian business.
"Wouldn't it be cool if we had a subcommittee on the banking committee focused on the industry so we could bring in more conversations, more hearings about the industry, and get the job done faster," Republican Senator Tim Scott said Wednesday at the Wyoming Blockchain Symposium. It is reported that Scott has been friendly towards the cryptocurrency industry, and he is currently the head of the Republicans on the committee led by Democratic-Ohio Senator Sherrod Brown.