Zarif Bey
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A News
The Bitcoin price is starting the new week at the $100,000 limit. Last week, the regulation known as the “SAB 121 Rule” in the US, which imposed restrictions and costs on banks in crypto transactions, was lifted. Montclair University Lecturer Dr. Burak Tamaç said, “Thus, deposit banks will also be able to provide BTC purchase, sale and custody services. At the same time, the way will be opened for BTC collateralized loans.”
The cryptocurrency Bitcoin experienced losses in value during weekend transactions. Closing at $104,750 on Friday, the BTC price continued its decline in January 27, 2025 transactions (at 08:00 Turkish Time) and continues to seek a balance close to $100,400. Thus, the BTC price lost approximately 3.7% in the last two days. Last week, when US President Trump actually took office, the BTC price hit a record high of $109,350
“SAB 121 RULE” REMOVED
Significant regulations were made regarding the sector last week. The US Securities and Exchange Commission (SEC) lifted the restrictive regulation known as the “SAB 121 Rule”, which came into effect in March 2022.
Dr. Burak Tamaç, who teaches Blockchain and cryptocurrency policies at Montclair State University in the US, said that according to the ‘SAB 121’ rule, banks are required to hold collateral in exchange for holding digital assets on behalf of their customers. Tamaç said, “In other words, if the customer entrusts the bank with $100 worth of Bitcoin, the bank also had to show an additional $100 worth of assets to keep it.”
EVEN MORE IMPORTANT THAN ETFS
Reminding that until now, US investors have turned to ETFs for cryptocurrency transactions and had to open accounts at investment banks such as Fidelity, Tamaç said, “After the removal of SAB 121, deposit banks in the US will also be able to mediate the purchase, sale and storage of digital assets.
Reforms are being done step by step
#MarketPullback
The Bitcoin price is starting the new week at the $100,000 limit. Last week, the regulation known as the “SAB 121 Rule” in the US, which imposed restrictions and costs on banks in crypto transactions, was lifted. Montclair University Lecturer Dr. Burak Tamaç said, “Thus, deposit banks will also be able to provide BTC purchase, sale and custody services. At the same time, the way will be opened for BTC collateralized loans.”
The cryptocurrency Bitcoin experienced losses in value during weekend transactions. Closing at $104,750 on Friday, the BTC price continued its decline in January 27, 2025 transactions (at 08:00 Turkish Time) and continues to seek a balance close to $100,400. Thus, the BTC price lost approximately 3.7% in the last two days. Last week, when US President Trump actually took office, the BTC price hit a record high of $109,350
“SAB 121 RULE” REMOVED
Significant regulations were made regarding the sector last week. The US Securities and Exchange Commission (SEC) lifted the restrictive regulation known as the “SAB 121 Rule”, which came into effect in March 2022.
Dr. Burak Tamaç, who teaches Blockchain and cryptocurrency policies at Montclair State University in the US, said that according to the ‘SAB 121’ rule, banks are required to hold collateral in exchange for holding digital assets on behalf of their customers. Tamaç said, “In other words, if the customer entrusts the bank with $100 worth of Bitcoin, the bank also had to show an additional $100 worth of assets to keep it.”
EVEN MORE IMPORTANT THAN ETFS
Reminding that until now, US investors have turned to ETFs for cryptocurrency transactions and had to open accounts at investment banks such as Fidelity, Tamaç said, “After the removal of SAB 121, deposit banks in the US will also be able to mediate the purchase, sale and storage of digital assets.
Reforms are being done step by step
#MarketPullback
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