According to specialists, this cancellation is more important than a BTC reservation in the United States.
Banks and financial institutions will now be able to offer and have cryptoactive.
The United States Stock Exchange and Securities Commission annulled last night the SAB 121 regulation, which restricted access to Bitcoin (BTC) and cryptocurrencies to banks. This is a measure that the financial industry expected it to happen at some point after the presidential assumption Donald Trump.
Sab 121 was an accounting bulletin imposed by the SEC three years ago, in March 2022. This forced financial entities that had user cryptoactives to protect this capital as responsibilities, regardless of whether there were real financial risks.
Different companies remained away from operating bitcoin and cryptocurrencies due to this regulation. That is why its elimination opens the door for entities of the main economic power to enter this industry and grow the potential exposure to the market.
The SEC reported that “the interpretive orientation of SAB 121, with the presentation of the number 122. This new regulation offers financial entities the possibility of determining any responsibility related to the protection risks under broader accounting rules.
“Goodbye, Sab 121!” Said Hester Peirce, commissioner of the SEC and leader of the organism cryptocurrency work group. “It has not been fun,” he added.
Michael Saylor, the founder of Microstrategy, the company Software services famous for investing its Bitcoin reservations, applauded this initiative. “The annulment of SAB 121 allows banks to guard Bitcoin”, projection.
This annulment can be bulls for the price of BTC
This regulation “was the only thing that prevented banks from offering Bitcoin custody services,” commented The trader known as Swan. “No one is bullish enough,” he considered with the news.
“Let the great banks come!” exclaimed Before the Fred Thiel initiative, CEO of the Giant Mining Company of Bitcoin, Mara Holdings.
In tune, Scottie Pippen, Bitcoin enthusiast NBA champion, cataloged the measure as a “great victory for cryptocurrencies.” “This is a radical change for the adoption and future of finance,” he said. “The revolution is here!” He said.
The cancellation of this SEC policy It occurred in the middle of a wave of executive provisions issued yesterday by Donald Trump related to cryptoactive. Among them, Bitcoin’s inclusion stands out in the United States reserves, as the president had promised in campaign.
As the analyst James Van Straten said, “repealing Sab 121 is a more important issue than a strategic Bitcoin reserve in the short term.” This is aimed at that this change allows banks to use digital assets as a guarantee, integrating them into financial products and loan systems. “The impact winds are infinite,” he warned.
However, there are those who showed demotivation for this policy. Among these, Jacob King, founding financial analyst of the Whalewire research company. “Do you see hypocrisy in all this?” questioned. “The goal of Satoshi Nakamoto, the creator of Bitcoin, was not to have a third party that guard it,” he emphasizes.
“In 2025, the entire Bitcoin community is on your knees before the bankers and begs them to keep it for them,” continues the specialist. “The fact is that Bitcoin’s true purpose was completely lost years ago due to irrational collective greed and deception that his cult has infected,” he says. In his opinion, this will not end well.
With this in consideration, Although this decision can bring Bitcoin to more people and generate an upward impact for its price, there is concern about the lack of awareness of self -ustody. Although, something to consider is that if the big banks offer these assets, they could favor trade and their users could then pass their holdings to their own Wallets.
Meanwhile, Bitcoin remains quoting around USD 105,000, after reaching last Monday a new historical maximum above USD 109,000, when Trump assumed the presidency of the United States.
