🔔 Important crypto market news!

- SEC Chief Accountant Paul Munter has relaxed SAB-121 requirements that restrict banks from storing digital assets.

- Banks can avoid the requirements by obtaining permission from state regulators and meeting certain standards.

- Leading brokers can also bypass the rules if they do not store client keys and do not participate in transactions.

- However, large national banks are still under the OCC's supervision and must apply directly to the SEC.

- Despite the restrictions, this is a positive step for the crypto industry.

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