Crypto for Advisors: Wall Street is done waiting on Congress for crypto rules
Summary
With Congress stalled on a federal crypto framework, financial firms are building compliance and tokenization infrastructure around a patchwork of state rules and temporary regulatory exemptions. Industry leaders say compliance is costly, private blockchain networks remain fragmented, and firms are separating trading, custody and clearing while moving toward continuous transaction monitoring. Advisors are urged to verify what clients legally own, how assets are held and independently audited, and how clients can recover funds if a platform fails.
