📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
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Breaking: Banks Can Officially Hold Electronic Money - SEC Reverses SAB 121
In a historic regulatory turn, the U.S. Securities and Exchange Commission (SEC) has officially repealed the controversial Staff Accounting Bulletin (SAB) No. 121, which significantly limits banks' ability to manage cryptocurrencies for customers. This breakthrough decision marks an important milestone in the process of integrating digital assets into mainstream finance. Let's explore the significance of this and why it matters. What changes? Decision