SEC Abolishes SAB 121, Opening the Gate for Banks to Enter the Electronic Money Market

robot
Abstract generation in progress

The SEC has repealed SAB 121, ending a long saga involving congressional legislation and the president's veto power. This opens up new possibilities for traditional financial institutions, which are now free to provide cryptocurrency-related custody services for their clients. SEC abolishes SAB 121, opening a new era for cryptocurrencies in traditional finance One of the final barriers preventing cryptocurrencies from becoming mainstream may have been lifted. Securities and Exchange Commission

CHO-14.62%
D-5.75%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)