Nasdaq halts plan to launch crypto custody business, Bloomberg reports

Nasdaq is suspending its plan to introduce a cryptocurrency custodian business in the U.S. amid the rapidly-changing regulatory environment around the space, Bloomberg’s Yueqi Yang and Katherine Doherty report, citing remarks made by CEO Adena Friedman on the company’s Q2 earnings call. Nasdaq is also terminating efforts to pursue a license related to the business, with Friedman stating, “We remain committed to supporting the evolution of the digital asset ecosystem in a variety of ways.”