Could New SEC Crypto Custody Rules Ignite the Next Bull Run?

[vs2014]

The SEC proposal is  undoubtedly a good step for crypto market because people want clear rules which makes them more confident. Although i don't think this one news itself can start the next big bull run. Bitcoin and Ethereum can rise when demand for them increase, EFT buying, better economic conditions and institutional adoption will happen.
I consider this news as positive where clear and easy rules may encourage investment companies to use more crypto service and reduce the fear of unclear rules. Although several factors need to happen at the same time for such big event where this news plays position role but not the main reason for market

[suzanne5223]

No, the regulatory have nothing to do with uptrend of the Bitcoin market, and if you understand price action you'll see the price chart of the market is following the trend it ought to.
Although, the regulatory clarity on custody you mentioned is a positive step for those that don't know the danger of custody holding but I believe it will also removes a real friction point that has kept a lot of institutional money on the sidelines or forced them into ETFs.

It is still not  the spark that will light the next bull run.

[coupable]

That is where the whole draw back comes from, and most also the risks that comes from trusting such companies with your large Bitcoin portfolio.

Institutionally, this is good news, which means investment in Bitcoin is increasingly developing in various ways. This situation will increase user confidence and more people will join. For those who do not yet understand the meaning of decentralization, they only see that it is officially registered with the government and must be safe, which will make them interested. But for us who understand this situation, we will not touch it. Because the control of the assets is not in our hands but in someone else's. I am sure most of those who understand this system probably will not join. But for beginners, it will be very attractive.

And frankly I think that this is not good news and might not be all that great for bitcoin.
I didn’t know the main goal of the Bitcoin community is to build user confidence in Bitcoin investments. I think our biggest accomplishment was taking bitcoin from a theory to a practical tool, a recognizable currency, and a way to make payments. They do not generate anything, so they have no use as a trading or investment tool.