Global #SAB 121

Circle CEO Jeremy Allaire has expressed optimism about President Donald Trump’s potential moves in the crypto sector,

The potential repeal of SAB-121, a policy requiring banks to classify digital assets like Bitcoin as liabilities, is gaining traction in regulatory discussions.

President Biden vetoed a House Joint Resolution aimed at repealing the Securities and Exchange Commission's (SEC) Staff Accounting Bulletin 121 (SAB 121), which directs financial institutions holding cryptocurrencies for customers to keep the assets on their balance sheets.