Revoked SAB 121 had particular negative implications for banks as it could make their balance sheet week therefore preventing them to custody crypto products

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Revoked SAB 121 had particular negative implications for banks as it could make their balance sheet week therefore preventing them to custody crypto products

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banks are highly critical of SAB 121 because it would make its balance sheets look weak depending on cryptocurrency market conditions
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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Crypto news

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