Here is only one such brutal squeeze: registered security brokers must maintain control of all securities [0]. In practice, this means brokers use custodians[1]

Here is only one such brutal squeeze: registered security brokers must maintain control of all securities [0]. In practice, this means brokers use custodians[1]. Regulators have been working on making holding crypto harder for custodians [2]. [0]: Securities Exchange Act of 1934, Rule 15c3-3 [1]: https://www.sec.gov/news/public-statement/joint-staff-statement-broker-dealer-custody-digital-asset-securities#_ftnref14 https://www.sec.gov/news/public-statement/joint-staff-statem... [2]: https://www.risk.net/investing/7956492/crypto-custody-faces-regulatory-death-roll https://www.risk.net/investing/7956492/crypto-custody-faces-...