The SEC has made it easier for banks to expand their cryptocurrency businesses by overturning a Biden administration rule that made it prohibitively expensive to hold digital assets. In one of first pro-crypto moves of Trump’s second presidency, SEC reversed guidance known as…
SEC revokes unpopular banking rule that blocked Wall Street banks from adopting crypto https://t.co/0njJqcJq8z
米ＳＥＣ、暗号資産業界が反対していた会計指針を撤廃 https://t.co/zTAAfIjZmY https://t.co/zTAAfIjZmY
The U.S. Securities and Exchange Commission (SEC) has revoked accounting guidance that previously hindered the cryptocurrency industry’s ability to collaborate with banks. This decision, made on January 24, 2025, repeals a rule that was seen as a barrier to Wall Street banks adopting crypto assets. The SEC's move is viewed as a significant shift towards facilitating banks' engagement in cryptocurrency businesses, marking one of the first pro-crypto actions during Donald Trump's second presidency. The guidance had been criticized by the crypto sector for making it prohibitively expensive to hold digital assets.
