Republicans in the US have called for the SEC to revoke its rule on cryptocurrency custody, citing concerns over its impact on banks and financial innovation. Despite bipartisan support, the repeal bill was vetoed by President Biden.
WenJunOn Monday, September 9, Paul Munter, Chief Accountant of the Securities and Exchange Commission (SEC), gave a speech in which he revealed that the Commission does not object to the bank’s assessment that the SAB 121 balance sheet accounting requirements do not apply to the bank.
JinseFinanceBipartisan lawmakers urge Biden to reconsider veto on SAB 121 repeal, citing concerns over crypto regulation and market stability.
EdmundThe U.S. Senate joined the House of Representatives in voting to repeal a controversial Securities and Exchange Commission (SEC) accounting rule that imposed onerous capital requirements on crypto custodians.
JinseFinanceSpeculation hints at possible early Bitcoin ETF approvals by January 5, 2024, or before January 20. SEC meetings suggest a positive outlook, with trading expected shortly post-approval, potentially affecting Bitcoin's market sentiment and future.
EdmundTop executives of two prominent financial institutions have been chosen to be co-chairs of the...
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Coinlive Butler previously ran the Custody Services division at the bank.
OthersBNY Mellon, the world's largest custodian bank, has partnered with blockchain software company Chainalysis to track its users' crypto transactions.
CointelegraphThe firm previously said its reserves would be in cash and treasuries.
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