ADIL 🦂 丰 ₿ ⚡ on Nostr: President-elect Donald Trump intends to repeal the controversial accounting rule ...
President-elect Donald Trump intends to repeal the controversial accounting rule SAB-121, which requires banks holding digital assets like #Bitcoin to classify them as liabilities. Eliminating this rule could ease regulatory challenges, enabling banks to hold Bitcoin more freely. This initiative seeks to integrate Bitcoin into traditional banking, making it more accessible and less risky for financial institutions. Trump has highlighted his vision of positioning the U.S. as a global leader in the cryptocurrency space, emphasizing support for emerging industries like crypto.
Published at
2025-01-15 16:13:04Event JSON
{
"id": "78658879806e02048f49bfa4281e1fc16b34a89d1aeae2441856cd09aba15e32",
"pubkey": "66f47e3dcfe5c9281b436bf4ae443c4893d3c1b17ce503223f8043d3bfbdfb2f",
"created_at": 1736957584,
"kind": 1,
"tags": [
[
"t",
"Bitcoin"
]
],
"content": "President-elect Donald Trump intends to repeal the controversial accounting rule SAB-121, which requires banks holding digital assets like #Bitcoin to classify them as liabilities. Eliminating this rule could ease regulatory challenges, enabling banks to hold Bitcoin more freely. This initiative seeks to integrate Bitcoin into traditional banking, making it more accessible and less risky for financial institutions. Trump has highlighted his vision of positioning the U.S. as a global leader in the cryptocurrency space, emphasizing support for emerging industries like crypto.",
"sig": "54b5e636707b4d573213bd15d6041b280975120ebe67ad3e7c834ef8f6a0026549ae0d19c74cdda39c1d11e7d71932b5d9ca969c91400d063f6015dd3705aa0e"
}
