Analysts say Mnuchin’s proposed self-custody rule won’t impact Bitcoin price

This week various media reported that U.S. Treasury Secretary Steven Mnuchin was considering whether or not legislation governing self-custodied wallets should be implemented.

This led some analysts and crypto pundits to speculate whether or not this would impact , and the current bullish momentum that has been driving crypto prices higher.

4-hour chart. Source: TradingView.com