A Service Provider is an entity or organization that offers specific functionalities or resources to users or other protocols within the digital asset ecosystem. They deliver specialized support, often acting as intermediaries or facilitators for various blockchain-related activities. These providers bridge the gap between complex underlying technology and user needs. Their offerings are diverse and extensive.
Context
In the cryptocurrency domain, service providers range from centralized exchanges and custodial wallet providers to decentralized oracle networks and liquid staking platforms. Regulatory discussions frequently focus on how to categorize and oversee these diverse entities, given their varying levels of control and responsibility over user assets and data. Their role is central to market function and accessibility.
Treasury initiates rulemaking for the GENIUS Act, mandating a new federal compliance architecture for all U.S. payment stablecoin issuers and service providers.
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