MicroStrategy co-founder Michael Saylor took to social media to celebrate the Senate's recent victory for the cryptocurrency industry. "Wall Street wants Bitcoin, the House wants Bitcoin, and now the Senate wants Bitcoin," he posted on X. On Thursday, the Senate voted 60 to 38 to nullify the SEC's controversial SAB 121 rule, which required banks to record crypto assets as liabilities. Senate Majority Leader Chuck Schumer and several Democrats joined Republicans in the vote. The Digital Chamber and Compound Labs' Robert Leshner hailed this as a significant legislative win for crypto. Critics like Austin Campbell argued that SAB 121 would have unfairly restricted banks from offering custodial services for digital assets.

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