Crypto Custody Technology Company Fireblocks Plan NYDFS Regulated Trust Company

“Our position is not to stab regulators, political parties or governments,” Levine said. “We are just applying the existing rules and the existing framework. We know there is a business need from our customer base, based on the market opportunity. What is the current regulatory framework, what is SAB 121 from a current perspective? We understand that pursuing a trust license to become a qualified trustee is the right approach.”