Anchorage becomes first federally chartered US firm to bring Tron ‘inside the regulatory perimeter’
Summary
Anchorage Digital announced on Thursday that it will support TRON custody and network staking, marking the first time a federally chartered US crypto infrastructure business has brought TRON “inside the regulatory perimeter.” TRON has become a major blockchain, particularly for USDT transactions, with over $84 billion worth of the stablecoin residing on its network, exceeding Ethereum. However, TRON and its founder, Justin Sun, have faced scrutiny regarding potential illicit activities. The SEC recently dismissed claims against Sun and the Tron Foundation, though a related entity paid a $10 million fine. Anchorage’s support is seen as a step towards greater institutional acceptance of TRON and a potential easing of the regulatory concerns that have previously limited its US presence. Anchorage will initially support TRX custody and plans to add support for TRC-20 assets and native TRX staking in phases.
(Source:The Block)