“Breaking News: SEC Lifts Ban on Banks Custodying Bitcoin – A Major Win for Cryptocurrency!”
The US SEC Rescinds Rule Preventing Banks From Custodying Cryptocurrencies What Happened? The US Securities and Exchange Commission (SEC) has recently rescinded a rule that previously prevented banks from custodying cryptocurrencies. The rule, known as Staff Accounting Bulletin (SAB 121), was originally introduced by former SEC chair Gary Gensler. Why Was the Rule Rescinded? The…