#BitcoinPolicyShift

There's been a significant shift in BTC policy lately. The US Securities and Exchange Commission (SEC) withdrew its controversial SAB 121, which had required banks and other firms to list customer crypto assets as liabilities . This move is expected to make it easier for financial institutions to offer crypto custody services.

Additionally, Arizona lawmakers are pushing for bitcoin adoption, with the Arizona State Senate Finance Committee approving the "Arizona Strategic Bitcoin Reserve Act" (SB1025) . This bill would allow Arizona to allocate up to 10% of public funds into bitcoin and other digital assets.

Fed Chair Powell has also emphasized that the Fed's approach to crypto is focused on monitoring banks, rather than stifling innovation . This suggests a more supportive stance towards crypto from the US government.

These developments indicate a growing acceptance of BTC and crypto in the US, with potential implications for mainstream adoption and institutional investment.