# May 19: Minnesota Passes Landmark Bank Crypto Custody Law

Page: https://stenobird.com/podcast/daily-crypto-news-6024634/may-19-minnesota-passes-landmark-bank-crypto-custody-law
Text version: https://stenobird.com/podcast/daily-crypto-news-6024634/may-19-minnesota-passes-landmark-bank-crypto-custody-law.md
Podcast: [Daily Crypto News](https://stenobird.com/podcast/daily-crypto-news-6024634)
Published: 2026-05-19T14:02:24+00:00
Episode link: https://shows.acast.com/today-in-web-3/episodes/6a0c6d70b30079ca65979a27
Audio file: https://sphinx.acast.com/p/open/s/63e26a946b77a10011ea5094/e/6a0c6d70b30079ca65979a27/media.mp3
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JSON: https://stenobird.com/v1/public/podcasts/daily-crypto-news-6024634/episodes/may-19-minnesota-passes-landmark-bank-crypto-custody-law
Duration seconds: 719

## Resource

Brief Summary Bitcoin holding near $76,800 with relative stability while altcoins continue to weaken. Harvard University fully sold its $87 million Ethereum ETF position in Q1 2026 after holding it for just one quarter. Harvard also cut its Bitcoin ETF (IBIT) holdings by 43% in the same quarter. U.S. Bitcoin ETFs saw roughly $1 billion in net outflows this week. Minnesota Governor Tim Walz signed House File 3709, allowing banks and credit unions to offer crypto custody starting August 1, 2026. New Minnesota law requires asset segregation, cybersecurity standards, and 60-day regulatory notice. Minnesota is also banning crypto ATMs by the end of 2026. Concerns growing over potential impact of CLARITY Act amendments on DeFi. Hosted on Acast. See acast.com/privacy for more information.

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## Transcript

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