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Ability for US banks to custody Bitcoin opened up as SEC retires SAB 121 – TON BOT

Ability for US banks to custody Bitcoin opened up as SEC retires SAB 121

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The US SEC introduced Staff Accounting Bulletin (SAB) 122 to replace the criticized SAB 121, easing regulatory challenges in the crypto custody sector. SAB 121 required firms to classify assets as liabilities, hindering market entry. The new policy, under President Trump and SEC Chair Uyeda, aligns with standard practices and promotes a supportive regulatory environment.

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