SAB121 Repealing (SAB121)
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Started at Jan 15, 2025
About SAB121 Repealing
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On the 14th (local time), Watcher Guru, citing a report from the Washington Post, stated, "Trump is expected to repeal the cryptocurrency accounting policy (SAB 121) that requires banks holding cryptocurrencies to consider them as liabilities."
If this regulation is repealed, it is anticipated that traditional financial institutions will be allowed to hold cryptocurrencies, accelerating the institutionalization of the market.
On the 14th (local time), Watcher Guru, citing a report from the Washington Post, stated, "Trump is expected to repeal the cryptocurrency accounting policy (SAB 121) that requires banks holding cryptocurrencies to consider them as liabilities."
If this regulation is repealed, it is anticipated that traditional financial institutions will be allowed to hold cryptocurrencies, accelerating the institutionalization of the market.
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Launched on Jan 15, 2025
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