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SEC revokes unpopular banking rule that blocked Wall Street banks from adopting crypto - TL;DR CNBC

SEC revokes unpopular banking rule that blocked Wall Street banks from adopting crypto

Publishing timestamp: 2025-01-24 15:18:37


Summary

The SEC has rescinded an accounting rule that forced banks to treat bitcoin and other tokens as liabilities on their balance sheets, making it easier for Wall Street banks to own bitcoin. This decision comes after years of lobbying by the crypto industry and could lead to expanded digital offerings by financial institutions.


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Tickers: BACGSBTC.CM=MS

Keywords: fintechbitcoin/usd coin metricsdonald j. trumpcryptocurrencypoliticsbank of america corpenergybitcointechnologybreaking news: technologybreaking news: politicsbusiness newsjoe biden

Source: https://www.cnbc.com/2025/01/24/sec-revokes-unpopular-banking-rule-that-blocked-wall-street-banks-from-adopting-crypto.html


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