🥛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.
What do you think?
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