BitcoinNews on Nostr: JUST IN: The SEC rescinds SAB 121, clearing the way for financial institutions to ...
JUST IN: The SEC rescinds SAB 121, clearing the way for financial institutions to custody Bitcoin.
SAB 121 had required banks to treat customer-held crypto as liabilities, imposing heavy capital requirements.
Its removal now encourages banks to offer BTC custody services.
Published at
2025-01-23 23:35:44Event JSON
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"content": "JUST IN: The SEC rescinds SAB 121, clearing the way for financial institutions to custody Bitcoin.\n\nSAB 121 had required banks to treat customer-held crypto as liabilities, imposing heavy capital requirements. \n\nIts removal now encourages banks to offer BTC custody services.\n\n https://m.primal.net/NxDR.jpg ",
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