Crypto NewsNewsBREAKING: SEC Rescinds SAB121 Rule, Which Was Having a Negative Impact on...

BREAKING: SEC Rescinds SAB121 Rule, Which Was Having a Negative Impact on the Cryptocurrency World!

Follow Bitcoin Sistemi Google News Button

According to the latest development, the SEC has officially revoked the SAB121 rule introduced by the Biden administration, which was negative for the cryptocurrency world.

One of former SEC Chairman Gensler’s most controversial issues was staff accounting bulletin SAB 121, which effectively barred banks from providing custody of digital assets, including tokenized securities. That rule was subsequently repealed.

The Government Accountability Office (GAO) had determined that SAB 121 needed to be reviewed by Congress. Both the House and Senate voted to repeal it, but President Biden cast a presidential veto, so the law remained in effect.

*This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
Buradaki Yorumlardan Bildirim Al
Bildir
guest

0 Comments
Latest
The oldest Top Rated
Inline Feedbacks
View all comments

Popular Posts of the Week