BTC above $150K is ‘speculative fever,’ SAB 121 canceled, and more: Hodlers Digest, Jan. 19 – 25
Any level above $150,000 for Bitcoin would be “speculative fever,” US SEC cancels SAB 121 rule, and more: Hodler’s Digest Source link
Is the scrapping of SAB 121 a poisoned chalice for Bitcoin?
Community members argued that encouraging banks to hold other people’s Bitcoin strays from the original vision of its creator, Satoshi Nakamoto. Source link
SEC scraps SAB 121, making crypto custody easier
The Securities and Exchange Commission (SEC) has repealed a controversial rule requiring financial firms holding cryptocurrency for customers to report those assets as liabilities on their balance sheets. In a bulletin issued on Jan. 23, the SEC announced that Staff Accounting Bulletin (SAB) 122 officially rescinds SAB 121, a policy introduced in March 2022 that […]
