In a recent discussion, SEC Chairman Gary Gensler highlighted the digital asset custody services offered by BNY Mellon, according to Odaily. Gensler suggested that the framework established for these services could extend beyond the bank’s focus on Bitcoin and Ethereum ETFs. He noted that the underlying structure is independent of the specific cryptocurrencies involved, asserting, “The structure itself does not depend on the nature of cryptocurrencies; it is irrelevant.”