Crypto is nearing the end of America. Now this is clear. America, the SEC and their entourage will not give peace to the money market and investors. Here are the details;
Joe Biden vetoed congress that did not approve the SEC's controversial SAB 121 crypto rule, which required financial institutions to include customers' digital assets on their balance sheets.
Why is it important:
Crypto Custody Costs: Repeal of SAB 121 will reduce the costs for banks to offer crypto custody services
â« Market Reaction: Veto could scare the market, repeal could boost crypto investment and confidence
â« Political Drama: Veto could lead to Congressional override attempt, increasing legislative tensions as FIT 21 comes into effect
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