The U.S. securities regulator has opened the door for major Wall Street banks to include cryptocurrency in their investment portfolios, marking a significant step toward greater diversification within the financial industry. This decision could help institutions manage risk and potentially reduce tax burdens by allowing crypto assets to be treated as traditional investments. For those looking to stay ahead of market developments, The Financial Times offers comprehensive digital access to its award-winning journalism at an affordable price. Subscribers can explore in-depth analysis on a range of topics, including the growing role of crypto in finance, all while enjoying exclusive content and benefits designed for the discerning reader who values quality journalism.
Source: https://www.ft.com/content/24854c53-98ef-42b5-96ed-efd6f5b70271