President Trump Eliminates SAB 121, Allowing Banks To Custody Bitcoin and Crypto Assets
Altcoin | January,23 2025
President Trump has officially eliminated a controversial guideline from the U.S. Securities and Exchange Commission that effectively prevented US banks from holding crypto assets. The administration’s new leadership at the SEC just rescinded Staff Accounting Bulletin 121, which forced banks to identify crypto assets held on behalf of their customers as liabilities on their balance sheets. […]
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