Investment giant Vanguard may reconsider its stance on cryptocurrency, has submitted a special project fund to the SEC that mentions digital currency

According to Coingape, the US investment giant Vanguard Group may be reconsidering its stance on cryptocurrencies. The company has applied to the Securities Exchange Commission (SEC) for a new "Vanguard Specialized Funds" designed to track the performance of the benchmark index. In the filing, Vanguard Group mentioned digital currencies, while also providing some key definitions related to cryptocurrencies.
Vanguard describes "digital currency" as a digital asset that serves as a store of value, medium of exchange, or unit of account, and further classifies it as a digital asset that is not issued or guaranteed by any jurisdiction, central bank, or public authority, involving transactions recorded on a decentralized network or distributed ledger. In addition, Vanguard also mentions "digital security tokens" and "digital utility tokens," according to reports filed with the Securities Exchange Commission. According to reports filed with the Securities Exchange Commission, Vanguard believes that the value of digital security tokens is generally derived primarily from or represents an interest in a separate asset or asset pool. Digital utility tokens are described as a digital asset that can be used to access specific networks, products, or services, etc.
Vanguard Group has previously expressed an anti-crypto stance, with its new CEO Salim Ramji claiming that it will not launch a bitcoin spot exchange-traded fund (ETF).