🔔 Breaking BTC and SEC Regulation News! 🔔

- Paul Munter of the SEC has softened SAB-121, allowing banks to provide custody services for digital assets if they have permission from a state regulator and comply with specific standards.

- Introducing brokers can also avoid the SAB-121 requirement if they do not hold private keys of their clients and meet other criteria.

- Alex Thorn of Galaxy believes this is positive for the crypto industry, although major banks will still have to strictly comply.

- The SAB-121 regulation was introduced in 2022 and has met with strong opposition from US lawmakers.

- President Biden has vetoed the repeal of SAB-121, claiming that it would undermine the effectiveness of the SEC.

💬 What do you think of this change? Comment below!#CryptoNews#BTC #Blockchain