According to @_RichardTeng, clarifying digital asset custody rules that include staking and self-custody addresses a major institutional blocker to crypto participation. Source: Richard Teng, X, Aug 8, 2025. He states that asset managers, custodians, and payment companies have hesitated to build crypto infrastructure due to uncertainty around custodial liability. Source: Richard Teng, X, Aug 8, 2025. Traders should monitor concrete custody rulemaking because, by removing this blocker, it directly impacts institutional onboarding and potential market depth. Source: Richard Teng, X, Aug 8, 2025.