Crypto and key primaries

Crypto is taking center stage this week as the White House will need to deal with a bill that passed the House and the Senate which rolls back an SEC rule known as Staff Accounting Bulletin 121 (SAB 121) that requires banks to place crypto on their balance sheets as liabilities raising their capital requirements. The American Bankers Association (ABA) joined the crypto community in opposing SAB 121.

Two weeks ago, the House led the effort to reverse the SEC rule when it passed a resolution o...

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