The 'Crypto Mom' celebrates while Wall Street breathes a sigh of relief: Goodbye to SAB 121, the accounting nightmare that made holding harder than explaining Bitcoin to your grandma.
BREAKING NEWS, CRYPTO FAMILY! 🚨 SEC gossip, gossip!! 👀
PAMP IT! 🚀 The SEC finally stops playing the villain and knocks down that boomer rule that had all the exchanges and custodians more wrecked than a trader with 125x leverage 😩
What just happened?
The SEC finally sent the famous SAB 121 to the shadow realm 👻 (that rule more toxic than a shitcoin rugpull). You know, the one that forced companies to count their cryptos as if they were debt... NGMI!
Wait... Why is this BULLISH AF? 🐂
Exchanges will no longer have to juggle accounting 🤹♂️
More institutions will be able to enter the crypto space without drama 💼
Less regulatory FUD!
Even the very Hester "Crypto Mom" Peirce (the only one at the SEC who isn't an NPC) celebrated on X saying "Goodbye SAB 121!" Like saying "GM" after a night of green candles 📈
Coincidence that this happens just when BTC is at its highs? I think not! 🤔
TLDR for those too busy looking at charts:
SEC finally FOMO'd and eliminated a rule that had everyone more wrecked than LUNA in May 2022 💀
Quote for the bronze: "Bearish on regulation, Bullish on adoption" 🚀
WAGMI fam! 💎🙌 (But still DYOR, this is not financial advice) 😉
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