:opinion: What is SAB 121? SAB 121, issued by the :ussec: SEC in 2022, required companies holding bitcoin on behalf of clients to record those assets as liabilities on their balance sheets, which complicated institutional involvement in #Bitcoin. In January 2025, the SEC rescinded this guidance with SAB 122, removing the need to classify custodial bitcoin (and other crypto) as liabilities. This change lowers barriers for banks and financial institutions to offer #Bitcoin custody services, encourages broader adoption, and provides clearer regulatory guidance, making it easier for traditional financial players to participate in the cryptocurrency market. "These changes are a major win for #Bitcoin and here are what a few key figures had to say about it." https://junkflex.com/bitcoin/sab1.mp4 https://junkflex.com/bitcoin/sab2.mp4 :reward: Share > Like > Comment = ⚡️21 :topreward: Top Comment = ⚡️500 (For 24 hrs Only)