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Breaking: US SEC Greenlights BNY Mellon's New Crypto Custody Plan

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Summary
Nutrition label

67% Informative

US SEC has approved Bank of New York Mellon’s plan to offer custody services for digital assets.

The SEC has given a “non-objection” to the proposed custody structure, allowing the bank to hold digital assets without violating regulatory requirements.

The plan includes individual crypto wallets that are tied to separate bank accounts, ensuring that customer funds are safeguarded.

VR Score

50

Informative language

40

Neutral language

39

Article tone

formal

Language

English

Language complexity

69

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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