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Why Congressman Warren Davidson Believes the SEC Is Blocking Bitcoin’s Custody Future

US Congressman Warren Davidson has criticized the Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, for obstructing the safe storage of Bitcoin. Davidson believes that the SEC's actions are hostile to innovation in the digital asset space, and that this hinders both traditional financial institutions and new entrants from meeting the needs of the growing cryptocurrency market. He emphasizes the importance of secure Bitcoin custody services and argues that excluding investors from accessing such solutions is detrimental to the market and the financial system. Davidson's concerns arise as Bitcoin gains traction in the global financial system and as more entities express interest in adopting the cryptocurrency.

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