SEC Revises Bitcoin Accounting Rule
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•Business
Business & Economics
SEC revokes unpopular banking rule that blocked Wall Street banks from adopting crypto

72% Informative
Rule forced banks to treat bitcoin and other tokens as a liability on their balance sheets.
Rule was introduced in 2022 and subjected digital assets to strict capital requirements.
Measure significantly raised the financial and regulatory risks of offering crypto custody services.
Efforts to overturn the rule gained bipartisan support in Congress last year , but then-President Joe Biden vetoed the proposed legislation.
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