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Cryptopolitan 2024-05-16 18:54:42

US Senate Revokes SEC Rule on Banning Banks’ Crypto Holdings

The U.S. Senate has decisively overturned a rule by the Securities and Exchange Commission (SEC) that restricted financial institutions from engaging in cryptocurrency-related activities. This rule had mandated that banks reflect customers’ digital assets on their balance sheets, backed by corresponding capital — a policy criticized for stifling innovation. Senate Votes Overwhelmingly Against SEC’s Rule

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