Crypto Daily – With the rescinding of SAB121 by the SEC, which all but stopped banks collaborating with crypto companies, this, together with other regulatory changes, sets the scene for the industry to innovate and grow like never before. The $BTC price is back above $105,000.
The tide is turning
The tide is turning, and the crypto industry is about to move into a golden age of nurturing and support in the United States, which only a short time ago was the complete opposite situation. Now that Donald Trump is in office, the political machinery of Washington D.C. is moving faster than anyone thought was possible, and Bitcoin and crypto are among the beneficiaries.
SAB121 is rescinded – good riddance?
The SAB121 rule was brought in by a Securities and Exchange Commission (SEC) that worked closely with the Biden administration to stifle the possibility of banks collaborating with crypto entities. The rule obliged banks that were holding crypto on behalf of a client…
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