May 19: Minnesota Passes Landmark Bank Crypto Custody Law
Brief Summary
Bitcoin holding near $76,800 with relative stability while altcoins continue to weaken.
Harvard University fully sold its $87 million Ethereum ETF position in Q1 2026 after holding it for just one quarter.
Harvard also cut its Bitcoin ETF (IBIT) holdings by 43% in the same quarter.
U.S. Bitcoin ETFs saw roughly $1 billion in net outflows this week.
Minnesota Governor Tim Walz signed House File 3709, allowing banks and credit unions to offer crypto custody starting August 1, 2026.
New Minnesota law requires asset segregation, cybersecurity standards, and 60-day regulatory notice…
The skinny
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