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Stock impact report

BITCOIN BEAT [Yahoo! Finance]

The Bank of New York Mellon Corporation (BK) 
Last the bank of new york mellon corporation earnings: 4/16 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
BNY Mellon announced they secured approval to custody Bitcoin, marking a significant step for federal banks regarding the digital asset space. Already a player in Bitcoin ETFs, the banking giant can now offer custody for both Bitcoin and Ether ETFs, pushing the boundaries of traditional finance. Interestingly, SEC Commissioner Gary Gensler's public calender , shows a phone call with BNY Mellon CEO Robin Vince in March, sparking speculation about potential political motivations behind this bold move. This decision is even more shocking as other banks, like Custodia in Wyoming, have strictly followed Federal Reserve guidelines, only to be denied similar approvals. Meanwhile, billionaire Mark Cuban weighed in on Gensler's leadership at the SEC, posting on X that Gensler's departure "is worth a point in GDP growth,” adding fuel to the ongoing debate. Crypto Takes Center Stage in 2024 Election: With the 2024 presidential election racing toward voting day, cryptocurrency is emerg Show less Read more
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