SEC Opening: Banks Can Now Hold Digital Currencies

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In a pivotal decision, the United States Securities and Exchange Commission (SEC) has officially repealed the controversial SAB 121 rule, marking a turning point for the relationship between traditional finance and the cryptocurrency industry. This move paves the way for banks to enter the cryptocurrency space with services such as secure asset custody and loans backed by cryptocurrencies. 💥 What's changed? 1️⃣ Revoke SAB 121 SEC's former SAB 121 rule previously classified monetary assets

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