SEC revokes unpopular banking rule that blocked Wall Street banks from adopting crypto
1. SEC rescinded SAB 121, easing banks' treatment of crypto as liabilities. 2. New guidance encourages broader participation of Wall Street in crypto markets. 3. Bipartisan support previously attempted to overturn SAB 121, but Biden vetoed it. 4. Goldman Sachs sees potential in crypto if regulations change under the new administration. 5. Financial firms may expand digital asset offerings now that restrictions have lifted.