ilmscore | Prediction Details
"Sab 121 yeah this is really big I mean the implications of this obviously this basically was staff accounting bulletin 121 which is of course the controversial SEC rule that forbid you know if you wanted to hold crypto on your balance sheet as a bank you know for clients as a custody you would have to put that on your balance sheet right so you weren't viewed it wasn't viewed as a custody asset and many banks hated this obviously they actually got through the overturning last year in through Congress and Biden vetoed it"
By Coin Bureau | January 27, 2025 | Pending
From video
Crypto News: BTC Drops, Trump Shifts, ETH Dying, DeepSeek & More! 00:15:27 - 00:15:55
Interpreted Prediction
The overturning of Staff Accounting Bulletin 121 (SAB 121), which previously forced banks to hold crypto custody assets on their balance sheets, is a significant development that many banks opposed.

Prediction Details

Topic
US Banking Regulations

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