https://www.cnbc.com/2025/01/24/sec-revokes-unpopular-banking-rule-that-blocked-wall-street-banks-from-adopting-crypto.html
The U.S. Securities and Exchange Commission has rescinded an accounting rule that forced banks to treat bitcoin and other tokens as a liability on their balance sheets.
The guidance was a major deterrent to Wall Street banks owning bitcoin.
The guidance was a major deterrent to Wall Street banks owning bitcoin — and was the latest in a string of actions taken to make it easier for U.S. companies and financial firms to deal in virtual, decentralized currencies.