Revoked SAB 121 discouraged banks to participate in DeFi potentially stiffening innovation, creating concentration risks and creating barriers for general public to participate in crypto markets

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Revoked SAB 121 discouraged banks to participate in DeFi potentially stiffening innovation, creating concentration risks and creating barriers for general public to participate in crypto markets

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Customers want to buy, hold and sell cryptos through existing banking relationships, and banks want to meet that demand.
The rule could prevent American banks from being able to custody crypto exchange-traded products at scale, potentially "creating a concentration risk by handing more control over to non-bank entities

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