On April 26, SEC Commissioner Mark T. Uyeda called for the expansion of crypto asset custody solutions at the Cryptocurrency Working Group Roundtable on April 25. He suggested allowing state chartered trust companies as qualified custodians and considering amending the "special purpose broker" system to promote market competition.
MoonPay acquired Helio for $175 million to expand its crypto payment infrastructure, and the acquisition of Helio will integrate its technology into MoonPay to enable crypto transactions on e-commerce platforms such as Shopify and Discord.