Here Today, Gone Tomorrow: Regulators Can Seize Your Cryptocurrencies Overnight

The collapse and subsequent salvage of Silicon Valley Bank (SVB) provided valuable insight into the US authorities' stance towards cryptocurrencies. With a myriad of mixed messaging from Washington, the US Federal Reserve, SEC, and several senators, the aftermath has shown the interdependent fragility between cryptocurrencies and traditional finance (TradFi).

As the banking collapse unfolded, sound bites from opponents of crypto - such as the White House - stated: "crypto assets to date do not appear to offer investments with any fundamental value” and “have proven to be highly volatile and subject to fraud.”

In light of the US Government’s stance on cryptocurrencies, it’s critical for institutions investing in cryptocurrencies to shore up their defenses to protect their assets from the danger of US-orchestrated crackdowns. This article outlines the key considerations that institutions must account for when choosing a custody provider to secure their private keys and digital assets.