Best Crypto to Buy as SEC to Accept More Firms as Crypto Custodians

Up until now, only qualified custodians such as banks, broker-dealers, or OCC-chartered national banks qualified under the Investment Advisers Act of 1940 and the Investment Company Act of 1940.

This left crypto custodians with very limited options, and if advisors relied on state-trust companies, they had to bear the risk of SEC enforcement. This lack of clarity made many institutional investors hesitant, which has been stifling crypto growth so far.

Read on as we dig deeper into the SEC’s attempt at providing more crypto clarity. We’ll also suggest the best cryptos to buy now to benefit from this shift.

Conditions to Be Met

Unlike existing custodian options, state-trust companies are regulated at the state level and not federally. However, the committee has also imposed certain conditions that must be fulfilled if advisors want to use state-trust companies as custodians.

• Fund managers must run detailed due diligence to confirm whether the company is authorized by the state regulator and has written internal policies covering areas such as cybersecurity and theft protection.
• Issuers must review GAAP-based annual audited financial statements and internal control reports from independent auditors.
• Assets under custody must be segregated from the trust company’s own assets, with restrictions on lending, pledging, or re-hypothecation without written consent.

James Seyffart, an ETF analyst, applauded the move, saying this was the kind of step the industry had needed for years.

Crypto custody has long been the most stubborn regulatory bottleneck for wider institutional adoption.

Now, with things starting to change, it’ll be easier for hedge funds and registered advisors to hold crypto legally. More custodians will also foster greater competition, leading to healthier crypto markets.

This makes it the perfect time to stack your crypto portfolio with explode-worthy tokens. If you’re looking for ideas, here are the top 3 altcoins to watch right now.

1. Snorter Token ($SNORT) – Telegram Trading Bot That Snipes Meme Coins & Protects You from Scams

Snorter Token ($SNORT) is the altcoin you need to grab if you want to ride the growth of the Snorter Telegram bot. This new trading bot simplifies meme coin trading for small market participants.

The Snorter bot also protects you from rug pulls, honeypots, and MEV attacks.

Maximal Extractable Value (MEV) refers to the profit malicious actors can earn by front-running (placing an order before yours) or back-running (placing an order after yours) to profit at your expense.

Snorter’s MEV-resistant layers solve this problem by sending your transaction privately to validators instead of the public mempool, where it can be viewed by potential attackers.

In addition, your trade is bundled with other transactions, making it difficult for attackers to spot your order and engage in malicious reordering.

The $SNORT presale has already garnered $4.1M, with each token currently priced at $0.1065. Here’s how to buy $SNORT.

According to our $SNORT price prediction, the token could hit $1.07 by the end of this year, delivering a 900% ROI.

Visit Snorter Token’s official website to learn more.

2. Best Wallet Token ($BEST) – New Non-Custodial Wallet That Helps You Spot the Best Presales Early

Best Wallet Token ($BEST) is the native cryptocurrency of Best Wallet – a decentralized, non-custodial, multi-chain crypto wallet that delivers equal parts security and ease of use.

Its most striking feature? Best Wallet acts as a direct gateway between you and the best crypto presales through its ‘Upcoming Tokens’ section.

Usually, other wallets require you to visit an external presale website and then connect your wallet to complete the process.

However, Best Wallet saves you the time, effort, and money – by protecting you from potential phishing sites – allowing you to buy tokens directly within the app.

Buying $BEST also gives you early access to these presales, letting you spot potential multibaggers before the wider market jumps on the hype bus.

All of this happens securely, too, as the Best Wallet app uses cutting-edge encryption technology to keep your funds safe. You also have the option of enabling two-factor authentication, including biometrics, for an added layer of protection.

Lastly, since it’s a non-custodial crypto wallet, only you have access to the private keys, so you don’t have to rely on any third-party provider for security.

Currently in presale, Best Wallet Token has already raised over $16.2M. 1 $BEST is available for just $0.025725, with a potential 460% return by year-end – according to our $BEST price prediction – if you get in now.

Check out Best Wallet Token’s official website to learn more about its benefits.

3. Bertram The Pomeranian ($BERT) – A Philanthropist Meme Coin Meant for Dog Welfare

Bertram The Pomeranian ($BERT) is a Solana meme coin that goes beyond the usual hype of character-driven tokens.

$BERT is, in fact, a philanthropy-inspired project, based on a Pomeranian dog influencer with millions of followers, and is focused on supporting the welfare of dogs and dog shelters around the world.

The project has already donated 5 tons of dog food to date. It’s also tied to Wolfhub.com – an AI-powered platform that offers NFC-enabled dog collars, real-time adoption alerts, and lost pet tracking assistance.

Starting September 29, the platform also launched staking for both $BERT tokens and NFTs, with flexible lock periods and APRs ranging from 5% to 12%.

$BERT has surged about 21% in the last 7 trading days and is currently trading around $0.07937, with a market cap of $76.73M.

The token is now just 12% away from a strong resistance at $0.0889. If broken, the token could rally another 45% to reach $0.129.

Disclaimer: This content has been supplied by a third party contributor. Brave New Coin does not endorse or promote any products or services mentioned herein. Readers are encouraged to conduct independent research before making any financial decisions. The information provided is for informational and educational purposes only and should not be interpreted as investment advice.