SEC Repeals SAB 121, Enabling Banks to Offer Crypto Custody Services
- The SEC has repealed SAB 121, a significant regulatory change.
- This decision followed a congressional bill and a presidential veto.
- Traditional financial institutions can now offer crypto custody services.
The repeal of SAB 121 by the SEC allows traditional financial institutions to provide cryptocurrency custody services, marking a new era in the integration of crypto into mainstream finance.
Source (2.6)https://news.bitcoin.com/sec-repeals-sab-121-opening-the-floodgates-for-banks-to-enter-the-crypto-market/?rand=52384
