đ Big news for Bitcoin! BNY Mellon, the largest U.S. custodian bank, has scored an exemption from the SEC's controversial SAB 121 rule, potentially paving the way for major banks to custody Bitcoin and other cryptocurrencies.
đ SAB 121 required entities to report customer crypto holdings as corporate liabilities, but BNY Mellon's exemption could signal a shift in U.S. crypto policy. This move might accelerate Bitcoin's spot price, with industry leaders like Michael Saylor predicting BTC could soar above $5 million!
đŹ What do you think? Will this change the crypto landscape? Share your thoughts in the comments!
