SEC Rescinds Rule Blocking Banks from Custodying Bitcoin

The US Securities and Exchange Commission (SEC) has rescinded a rule that prevented banks from custodying cryptocurrencies. The rule, known as Staff Accounting Bulletin (SAB 121) was introduced by former SEC chair Gary Gensler. It required banks and other financial institutions to list crypto assets as liabilities in their sheets. As expected, SAB121 was highly […] The post SEC Rescinds Rule... source: https://www.altcoinbuzz.io/cryptocurrency-news/sec-rescinds-rule-blocking-banks-from-custodying-bitcoin/