SEC greenlights banks to exclude crypto assets from balance sheets, with conditions

The US Securities and Exchange Commission (SEC) is allowing some banks and brokerages to avoid reporting customer crypto holdings on their balance sheets under certain conditions, Bloomberg reported today, citing a source familiar with the SEC's guidelines.To avoid the reporting requirement, companies must have safeguards in place to address risks associated with crypto holdings. These... source: https://cryptobriefing.com/sec-greenlights-banks-exclude-crypto-assets-balance-sheets/