SAB121
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Donald Trump: The 'Revival' Plan for Crypto on Day One of His Presidency
Donald Trump, the new President of the United States, is expected to sign a series of executive orders on cryptocurrency on his first day in office to revive the industry after a long period of pressure from the previous administration. Below are the highlights of his ambitious plan:
Repeal Controversial SAB 121 Regulations
The crypto custody regulation (SAB 121) was controversial as it required financial institutions to record customers' cryptocurrency assets as liabilities. The House and Senate voted to repeal this regulation in 2024, but President Joe Biden used his veto power to keep it in effect.
Repeal Controversial SAB 121 Regulations
The crypto custody regulation (SAB 121) was controversial as it required financial institutions to record customers' cryptocurrency assets as liabilities. The House and Senate voted to repeal this regulation in 2024, but President Joe Biden used his veto power to keep it in effect.
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The Exit of SAB 121 and a New Era for Crypto Custody
#SEC In-depth interpretation of major policy shifts
📌 Core Events
In March 2022, the SEC launched
a rule that once mandated financial institutions to fully account for custodial crypto assets as liabilities on their balance sheets, triggering a strong backlash from the industry. In July 2024, as the regulatory environment evolved, the SEC officially replaced this rule with SAB 122, ushering in a new paradigm for crypto asset custody.
🔥 Three Key Points of Regulatory Change
1️⃣ Risk-oriented measurement: Removal of 100% liability accounting, replaced with FASB ASC 450-20 standards to assess actual risks (e.g., $100 million in custodial assets may only require a 2% risk exposure provision)
📌 Core Events
In March 2022, the SEC launched
a rule that once mandated financial institutions to fully account for custodial crypto assets as liabilities on their balance sheets, triggering a strong backlash from the industry. In July 2024, as the regulatory environment evolved, the SEC officially replaced this rule with SAB 122, ushering in a new paradigm for crypto asset custody.
🔥 Three Key Points of Regulatory Change
1️⃣ Risk-oriented measurement: Removal of 100% liability accounting, replaced with FASB ASC 450-20 standards to assess actual risks (e.g., $100 million in custodial assets may only require a 2% risk exposure provision)
📢 What to expect on January 20?
Is the future owner of the White House ready to spend his political capital on supporting the crypto industry?
A very important step could be the repeal of SAB 121 and the adoption of a basic law on market regulation could open the floodgates for the influx of traditional capital. Imagine When conservative bankers finally get the green light to work with digital assets?
📬 Guys, plz, continue the list of useful things for the crypto market
#January #SAB121
$BTC
A very important step could be the repeal of SAB 121 and the adoption of a basic law on market regulation could open the floodgates for the influx of traditional capital. Imagine When conservative bankers finally get the green light to work with digital assets?
📬 Guys, plz, continue the list of useful things for the crypto market
#January #SAB121
$BTC
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🥛The boss thinks that the market is underestimating the impact of the SEC's abolition of the SAB-121 rule.
I personally think that this benefit is no less than the establishment of the National Digital Asset Reserve Working Group.
🔍To put it in the most popular terms,
Because of this rule, $BTC could not be used as collateral to borrow from banks. Whether it is the BTC in your wallet or the Bitcoin spot ETF, the bank will not recognize it.
<<After the abolition of this rule, banks will no longer have this restriction, and you can entrust your digital assets to the bank for loans. >>
The reason why it is super positive is that many big investors are worried about the possibility of hacker problems and project rugs in DEFI lending.
But in the future, if you don't trust the chain, you can do all this through centralized banks.
Because you don't have to worry about losing the $BTC you entrust to the bank. If there is a problem, the bank will give you 100% compensation in currency. In this way, many big customers are more willing to use BTC and $ETH to borrow, increase leverage and roll positions, and bring more liquidity to encryption.
#SAB121
What do you think?
▶️Exclusive invitation code for boss rebate: DZADD8FF
I personally think that this benefit is no less than the establishment of the National Digital Asset Reserve Working Group.
🔍To put it in the most popular terms,
Because of this rule, $BTC could not be used as collateral to borrow from banks. Whether it is the BTC in your wallet or the Bitcoin spot ETF, the bank will not recognize it.
<<After the abolition of this rule, banks will no longer have this restriction, and you can entrust your digital assets to the bank for loans. >>
The reason why it is super positive is that many big investors are worried about the possibility of hacker problems and project rugs in DEFI lending.
But in the future, if you don't trust the chain, you can do all this through centralized banks.
Because you don't have to worry about losing the $BTC you entrust to the bank. If there is a problem, the bank will give you 100% compensation in currency. In this way, many big customers are more willing to use BTC and $ETH to borrow, increase leverage and roll positions, and bring more liquidity to encryption.
#SAB121
What do you think?
▶️Exclusive invitation code for boss rebate: DZADD8FF
See original
The US Securities and Exchange Commission (SEC) has officially revoked the cryptocurrency accounting policy known as SAB 121
Reducing Barriers for Banks and Financial Institutions:
SAB 121 required financial institutions to record their customers’ crypto assets as liabilities on their balance sheets, which created a major barrier for banks to engage in the storage and management of cryptocurrencies. The revocation of this policy could encourage more financial institutions to enter the crypto market, thereby increasing liquidity and wider acceptance of cryptocurrencies in the traditional financial system.
Increasing Transparency and Trust:
This change could lead to improved regulations and accounting standards for cryptocurrencies, increasing the transparency and trustworthiness of crypto-related financial statements. This could reduce concerns about the risks of managing digital assets.
Promoting Investment and Product Development:
With the loosening of regulations, businesses and investors may feel more comfortable investing in cryptocurrencies and developing crypto-related financial products, such as ETFs, derivatives, and custody services.
#SAB121 #CryptoSurge2025 $BTC
Reducing Barriers for Banks and Financial Institutions:
SAB 121 required financial institutions to record their customers’ crypto assets as liabilities on their balance sheets, which created a major barrier for banks to engage in the storage and management of cryptocurrencies. The revocation of this policy could encourage more financial institutions to enter the crypto market, thereby increasing liquidity and wider acceptance of cryptocurrencies in the traditional financial system.
Increasing Transparency and Trust:
This change could lead to improved regulations and accounting standards for cryptocurrencies, increasing the transparency and trustworthiness of crypto-related financial statements. This could reduce concerns about the risks of managing digital assets.
Promoting Investment and Product Development:
With the loosening of regulations, businesses and investors may feel more comfortable investing in cryptocurrencies and developing crypto-related financial products, such as ETFs, derivatives, and custody services.
#SAB121 #CryptoSurge2025 $BTC
Will Your Bank Be Your Bitcoin Vault? Decoding the Crypto Custody Conundrum
"What if you could check your Bitcoin $BTC balance right next to your checking account?"
Sounds futuristic, right? Well, maybe not for long. The once-separate worlds of traditional banking and cryptocurrency are colliding, and the SEC’s Staff Accounting Bulletin 121 (SAB 121) is at the center of this seismic shift.
But what exactly is SAB 121? And what does it mean for your Bitcoin, Ethereum, and other digital treasures? Let’s break it down in plain English—no crypto jargon overload, we promise!
What’s SAB 121, and Why Does It Matter?
Imagine crypto custody as a vault for your digital assets, but way cooler and more secure. It's how banks or custodians safely hold Bitcoin, Ethereum, or other cryptocurrencies for you.
Here’s the deal: SAB 121 tells public companies (including banks) how to account for crypto they hold for customers. And it comes with a twist:
Double Duty Accounting: Banks must list crypto assets as both an asset and a liability on their balance sheets.Why? The SEC wants to make sure these institutions have enough money set aside to cover risks like theft, hacks, or—gulp—bankruptcy.
Sounds reasonable, right? But for banks, this creates a dilemma. Listing crypto as a liability inflates their balance sheets, which means they might need to hold more capital reserves. Translation: It gets expensive fast—like renting a bigger apartment to store a box of collectibles.
Is SAB 121 on the Chopping Block? Not Quite.
Rumors that SAB 121 is about to disappear are greatly exaggerated. The SEC isn’t looking to scrap it but might consider:
Tweaks and Clarifications: Offering different accounting treatments for different types of custody.Risk-Based Adjustments: Simplifying rules for arrangements with lower risks.Clearer Security Guidelines: Helping banks understand how to safeguard your digital assets.
As SEC Chair Gary Gensler often emphasizes , “Protecting investors in the crypto market is our top priority.”
Congress Weighs In: The FIT21 Act
Congress isn’t sitting this one out. The Financial Innovation and Technology for the 21st Century Act (FIT21) passed the House, aiming to clarify who regulates what—should crypto oversight belong to the SEC or the Commodity Futures Trading Commission (CFTC)?
But don’t celebrate just yet. The bill still needs Senate approval, and lawmakers are far from united. Some are bullish on crypto innovation, while others remain skeptical, fearing it could disrupt financial stability.
Who’s Playing in the Crypto Custody Space?
Banks might grab the spotlight, but they’re not the only players:
Qualified Custodians: Think of these as professional vault keepers for digital assets. Companies like Coinbase Custody and BitGo specialize in this.Self-Custody: For the DIY crowd, managing private keys with hardware wallets offers total control but comes with risks (e.g., losing your wallet = losing your funds).Emerging Technologies: Innovations like multi-party computation (MPC) are making crypto storage safer by splitting up private key control.
What Are Banks Doing? Real-World Examples
While many banks are still hesitant, a few big names are stepping into the crypto custody game:
BNY Mellon: In 2022, they launched a digital asset custody platform, proving that banks can navigate crypto under existing rules.State Street: This financial giant is exploring blockchain tech and tokenization, signaling long-term interest.
Meanwhile, globally, the EU’s Markets in Crypto-Assets (MiCA) regulations show how international regulators are also stepping up to set rules for crypto custody providers.
What Does This Mean for You?
So, will your local bank hold your Bitcoin? Maybe. But don’t expect overnight changes. Even if the SEC softens its stance, banks will:
Evaluate Risks: Security threats and regulatory uncertainty aren’t going away.Build Infrastructure: Storing crypto requires cutting-edge tech and airtight systems.Get Approvals: Regulators will still keep a close eye on everything.
The Big Takeaway: Balance Is Key
SAB 121 isn’t about slamming the brakes on crypto—it’s about balancing innovation with investor protection. The future of crypto custody will likely include:
Traditional banks cautiously entering the market.Specialized custodians offering Fort Knox-level security.Tech-savvy investors managing their own wallets.
Whether you’re a crypto enthusiast or a cautious observer, one thing is clear: The conversation around crypto custody is just getting started.
Key Takeaways
SAB 121 impacts how banks account for crypto, not whether they can hold it.Expect regulatory adjustments, not a complete repeal.The crypto custody space is diverse, offering solutions for different needs.
#SECCryptoRegulation #crypto #SAB121
Sounds futuristic, right? Well, maybe not for long. The once-separate worlds of traditional banking and cryptocurrency are colliding, and the SEC’s Staff Accounting Bulletin 121 (SAB 121) is at the center of this seismic shift.
But what exactly is SAB 121? And what does it mean for your Bitcoin, Ethereum, and other digital treasures? Let’s break it down in plain English—no crypto jargon overload, we promise!
What’s SAB 121, and Why Does It Matter?
Imagine crypto custody as a vault for your digital assets, but way cooler and more secure. It's how banks or custodians safely hold Bitcoin, Ethereum, or other cryptocurrencies for you.
Here’s the deal: SAB 121 tells public companies (including banks) how to account for crypto they hold for customers. And it comes with a twist:
Double Duty Accounting: Banks must list crypto assets as both an asset and a liability on their balance sheets.Why? The SEC wants to make sure these institutions have enough money set aside to cover risks like theft, hacks, or—gulp—bankruptcy.
Sounds reasonable, right? But for banks, this creates a dilemma. Listing crypto as a liability inflates their balance sheets, which means they might need to hold more capital reserves. Translation: It gets expensive fast—like renting a bigger apartment to store a box of collectibles.
Is SAB 121 on the Chopping Block? Not Quite.
Rumors that SAB 121 is about to disappear are greatly exaggerated. The SEC isn’t looking to scrap it but might consider:
Tweaks and Clarifications: Offering different accounting treatments for different types of custody.Risk-Based Adjustments: Simplifying rules for arrangements with lower risks.Clearer Security Guidelines: Helping banks understand how to safeguard your digital assets.
As SEC Chair Gary Gensler often emphasizes , “Protecting investors in the crypto market is our top priority.”
Congress Weighs In: The FIT21 Act
Congress isn’t sitting this one out. The Financial Innovation and Technology for the 21st Century Act (FIT21) passed the House, aiming to clarify who regulates what—should crypto oversight belong to the SEC or the Commodity Futures Trading Commission (CFTC)?
But don’t celebrate just yet. The bill still needs Senate approval, and lawmakers are far from united. Some are bullish on crypto innovation, while others remain skeptical, fearing it could disrupt financial stability.
Who’s Playing in the Crypto Custody Space?
Banks might grab the spotlight, but they’re not the only players:
Qualified Custodians: Think of these as professional vault keepers for digital assets. Companies like Coinbase Custody and BitGo specialize in this.Self-Custody: For the DIY crowd, managing private keys with hardware wallets offers total control but comes with risks (e.g., losing your wallet = losing your funds).Emerging Technologies: Innovations like multi-party computation (MPC) are making crypto storage safer by splitting up private key control.
What Are Banks Doing? Real-World Examples
While many banks are still hesitant, a few big names are stepping into the crypto custody game:
BNY Mellon: In 2022, they launched a digital asset custody platform, proving that banks can navigate crypto under existing rules.State Street: This financial giant is exploring blockchain tech and tokenization, signaling long-term interest.
Meanwhile, globally, the EU’s Markets in Crypto-Assets (MiCA) regulations show how international regulators are also stepping up to set rules for crypto custody providers.
What Does This Mean for You?
So, will your local bank hold your Bitcoin? Maybe. But don’t expect overnight changes. Even if the SEC softens its stance, banks will:
Evaluate Risks: Security threats and regulatory uncertainty aren’t going away.Build Infrastructure: Storing crypto requires cutting-edge tech and airtight systems.Get Approvals: Regulators will still keep a close eye on everything.
The Big Takeaway: Balance Is Key
SAB 121 isn’t about slamming the brakes on crypto—it’s about balancing innovation with investor protection. The future of crypto custody will likely include:
Traditional banks cautiously entering the market.Specialized custodians offering Fort Knox-level security.Tech-savvy investors managing their own wallets.
Whether you’re a crypto enthusiast or a cautious observer, one thing is clear: The conversation around crypto custody is just getting started.
Key Takeaways
SAB 121 impacts how banks account for crypto, not whether they can hold it.Expect regulatory adjustments, not a complete repeal.The crypto custody space is diverse, offering solutions for different needs.
#SECCryptoRegulation #crypto #SAB121
See original
SEC "blood transfusion" in personnel, is crypto policy about to change?
The U.S. Securities and Exchange Commission (SEC) is undergoing significant adjustments in its personnel related to cryptocurrency, signaling a major shift in the agency's approach to crypto.
Key figures being transferred
According to The Wall Street Journal, #SEC has transferred Jorge Tenreiro, who previously served as the interim director of the cryptocurrency division, to the computer systems management department. Previously, he was a key figure in major lawsuits against Ripple and Coinbase.
Key figures being transferred
According to The Wall Street Journal, #SEC has transferred Jorge Tenreiro, who previously served as the interim director of the cryptocurrency division, to the computer systems management department. Previously, he was a key figure in major lawsuits against Ripple and Coinbase.
🎉🚀 Great News for Crypto! The SEC Repeals SAB 121 and Introduces SAB 122!
The U.S. Securities and Exchange Commission (SEC) has officially repealed SAB 121, a controversial rule that required companies holding digital assets for clients to treat them as liabilities on their balance sheets. Instead, the SEC has introduced SAB 122, a forward-thinking framework designed to better align with the fast-evolving crypto industry!
🌟 Why This Is HUGE:
1️⃣ Encourages Crypto Custody: Financial institutions no longer face the heavy burden of SAB 121, opening the doors for banks and fintechs to confidently offer crypto custody services.
2️⃣ Pro-Crypto Stance: The repeal and replacement signal a more crypto-friendly approach from regulators.
3️⃣ SAB 122 Brings Clarity: This new guidance emphasizes transparency while removing the unnecessary compliance hurdles that stifled innovation.
💬 Community Buzz:
Hester Peirce: SEC Commissioner and leader of the newly-formed crypto task force, celebrated the repeal on X (formerly Twitter), stating, "Bye bye, SAB 121! It's not been fun!"
Crypto Innovators: Calling this move a win for adoption, many believe it’s a signal that traditional institutions are ready to embrace blockchain technology.
🌍 What’s Next?
With SAB 122, regulators are working toward balancing protection for investors while fostering growth in the crypto space. This change is expected to unlock new opportunities for banks, startups, and crypto platforms alike. 🚀
🔗 What’s your take on this move? Are we witnessing a turning point for crypto adoption?
Let’s discuss in the comments! 💬
#crypto #news #SEC #regulations #SAB121
The U.S. Securities and Exchange Commission (SEC) has officially repealed SAB 121, a controversial rule that required companies holding digital assets for clients to treat them as liabilities on their balance sheets. Instead, the SEC has introduced SAB 122, a forward-thinking framework designed to better align with the fast-evolving crypto industry!
🌟 Why This Is HUGE:
1️⃣ Encourages Crypto Custody: Financial institutions no longer face the heavy burden of SAB 121, opening the doors for banks and fintechs to confidently offer crypto custody services.
2️⃣ Pro-Crypto Stance: The repeal and replacement signal a more crypto-friendly approach from regulators.
3️⃣ SAB 122 Brings Clarity: This new guidance emphasizes transparency while removing the unnecessary compliance hurdles that stifled innovation.
💬 Community Buzz:
Hester Peirce: SEC Commissioner and leader of the newly-formed crypto task force, celebrated the repeal on X (formerly Twitter), stating, "Bye bye, SAB 121! It's not been fun!"
Crypto Innovators: Calling this move a win for adoption, many believe it’s a signal that traditional institutions are ready to embrace blockchain technology.
🌍 What’s Next?
With SAB 122, regulators are working toward balancing protection for investors while fostering growth in the crypto space. This change is expected to unlock new opportunities for banks, startups, and crypto platforms alike. 🚀
🔗 What’s your take on this move? Are we witnessing a turning point for crypto adoption?
Let’s discuss in the comments! 💬
#crypto #news #SEC #regulations #SAB121
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$BNB
🚨 FLASH USA 🇺🇸: #SAB121 has been canceled: Banks can now hold Bitcoin! 🚀
SAB 121 (Staff Accounting Bulletin 121) was a strict directive from US regulators that prevented banks and financial institutions from directly holding digital assets like Bitcoin, due to risks related to their volatility and security.
Its cancellation marks a monumental change in regulation. Banks are now free to hold crypto for their clients or on their own balance sheets. 🏦💰
Impact?
1️⃣ More institutional adoption.
2️⃣ Increased legitimacy for Bitcoin.
3️⃣ A possible new wave of liquidity entering the crypto market. 🌊
Bitcoin officially enters the big leagues. 🚀
🚨 FLASH USA 🇺🇸: #SAB121 has been canceled: Banks can now hold Bitcoin! 🚀
SAB 121 (Staff Accounting Bulletin 121) was a strict directive from US regulators that prevented banks and financial institutions from directly holding digital assets like Bitcoin, due to risks related to their volatility and security.
Its cancellation marks a monumental change in regulation. Banks are now free to hold crypto for their clients or on their own balance sheets. 🏦💰
Impact?
1️⃣ More institutional adoption.
2️⃣ Increased legitimacy for Bitcoin.
3️⃣ A possible new wave of liquidity entering the crypto market. 🌊
Bitcoin officially enters the big leagues. 🚀
See original
Trump 'Forgets' Crypto on First Day of Term: Market Confidence Shaken
Donald Trump officially began his second term as the 47th President of the United States on Monday, but the cryptocurrency market was "missing" from his initial priorities. This left the crypto community disappointed and prices $BTC plummeted.
No Mention of Crypto in Initial Actions
• In the inaugural speech and the list of priority actions "America First," there was no mention of Bitcoin, digital assets, or reversing the SEC's Regulation #SAB121 .
No Mention of Crypto in Initial Actions
• In the inaugural speech and the list of priority actions "America First," there was no mention of Bitcoin, digital assets, or reversing the SEC's Regulation #SAB121 .
See original
U.S. banks open their doors to #Bitcoin and other cryptocurrencies.
The U.S. SEC, under the new leadership of Mark Uyeda, has revoked rule #SAB121 that restricted banks from offering custody services for cryptocurrencies like $BTC $ This decision, effective retroactively from January 2025, paves the way for financial institutions to now provide these services.
However, the #SEC emphasizes that banking entities still must comply with existing regulations regarding transparency and protection of their clients' assets. This implies that they must provide investors with clear information on how their cryptocurrencies will be managed and protected.
In essence, this measure represents a significant step towards greater integration of cryptocurrencies into the traditional financial system of the United States.
The U.S. SEC, under the new leadership of Mark Uyeda, has revoked rule #SAB121 that restricted banks from offering custody services for cryptocurrencies like $BTC $ This decision, effective retroactively from January 2025, paves the way for financial institutions to now provide these services.
However, the #SEC emphasizes that banking entities still must comply with existing regulations regarding transparency and protection of their clients' assets. This implies that they must provide investors with clear information on how their cryptocurrencies will be managed and protected.
In essence, this measure represents a significant step towards greater integration of cryptocurrencies into the traditional financial system of the United States.
SAB 122 Catalyzes Bitcoin Prices More Than The US BTC Reserve
The US Securities and Exchange Commission (SEC) revoked Staff Accounting Bulletin (SAB) No. 121 on Thursday, January 23, imposing strict crypto custodial accounting standards on US banks and financial organizations. Several industry analysts expect the recently published SAB 122 to have a greater impact on Bitcoin's market dynamics than the planned US Bitcoin Reserve (SBR).
Impact on Bitcoin
SAB 121, passed in 2022, required banks to list customer-held cryptocurrency as liabilities. This categorization raised financial institutions' operating costs and complexity, discouraging them from delivering crypto-related services. Thus, the limitation hindered Bitcoin and other cryptocurrency integration into conventional banks.
The repeal of SAB 121–122 eliminates this accounting barrier. On social media, SEC Commissioner Hester Peirce said, “Bye, bye SAB 121! Not fun: SEC Staff Accounting Bulletin 122.”
The Bitcoin community welcomed the SEC's decision. According to x3 creator Andrew Parish, rescinding SAB 121 is a stronger driver for Bitcoin than the SBR. Mark this post.” Troop founder Fred Krueger said, “SAB 122 is extremely good for Bitcoin. More crucial than the upcoming Bitcoin Reserve. Now watch the banks accumulate.”
In a tweet, MicroStrategy Executive Chairman Michael Saylor summarized market sentiment: “SAB 121 has been rescinded, allowing banks to custody Bitcoin. 🚀” As Saylor previously said, conventional bank custody was the remaining open key factor for Bitcoin reaching $1 million per coin.
The regulatory loosening should boost institutional BTC and crypto market involvement. Bank of America CEO Brian Moynihan, the second-largest US bank by assets, discussed crypto adoption with CNBC's Andrew Ross Sorkin at the World Economic Forum in Davos, Switzerland.
According to the SEC's recent guidance, banks are now more likely to create and market crypto services, including custody solutions, which were previously limited by SAB 121.
#TrumpCryptoOrder #SAB121 #SAB122 #BTC
The US Securities and Exchange Commission (SEC) revoked Staff Accounting Bulletin (SAB) No. 121 on Thursday, January 23, imposing strict crypto custodial accounting standards on US banks and financial organizations. Several industry analysts expect the recently published SAB 122 to have a greater impact on Bitcoin's market dynamics than the planned US Bitcoin Reserve (SBR).
Impact on Bitcoin
SAB 121, passed in 2022, required banks to list customer-held cryptocurrency as liabilities. This categorization raised financial institutions' operating costs and complexity, discouraging them from delivering crypto-related services. Thus, the limitation hindered Bitcoin and other cryptocurrency integration into conventional banks.
The repeal of SAB 121–122 eliminates this accounting barrier. On social media, SEC Commissioner Hester Peirce said, “Bye, bye SAB 121! Not fun: SEC Staff Accounting Bulletin 122.”
The Bitcoin community welcomed the SEC's decision. According to x3 creator Andrew Parish, rescinding SAB 121 is a stronger driver for Bitcoin than the SBR. Mark this post.” Troop founder Fred Krueger said, “SAB 122 is extremely good for Bitcoin. More crucial than the upcoming Bitcoin Reserve. Now watch the banks accumulate.”
In a tweet, MicroStrategy Executive Chairman Michael Saylor summarized market sentiment: “SAB 121 has been rescinded, allowing banks to custody Bitcoin. 🚀” As Saylor previously said, conventional bank custody was the remaining open key factor for Bitcoin reaching $1 million per coin.
The regulatory loosening should boost institutional BTC and crypto market involvement. Bank of America CEO Brian Moynihan, the second-largest US bank by assets, discussed crypto adoption with CNBC's Andrew Ross Sorkin at the World Economic Forum in Davos, Switzerland.
According to the SEC's recent guidance, banks are now more likely to create and market crypto services, including custody solutions, which were previously limited by SAB 121.
#TrumpCryptoOrder #SAB121 #SAB122 #BTC
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