🔔#CryptoNews Flash🔔

🏦Banks, rejoice! The SEC is loosening up on SAB 121, allowing some wiggle room for banks & brokerages to avoid reporting customer crypto holdings on balance sheets.📊

👉This comes after the House failed to overturn a veto by @POTUS on nullifying SAB 121, which requires companies to hold crypto assets as a liability.

🗣️"SAB 121 makes our digital asset ecosystem LESS safe—not more," says pro-crypto Chairman, Patrick McHenry.

👀The SEC's new stance could open the door for more banks to offer crypto custody services, expanding options for US crypto holders.🇺🇸

👇Thoughts on this shift? Let's chat in the comments! #DeFi #Web3 #DAO #Layer2