The SEC has repealed SAB 121, -To The Moon - Tiger Brokers Online Investing Community - To The Moon

The SEC has repealed SAB 121, paving the way for banks to custody crypto assets. This significant development allows both major institutions like JPMorgan $JPM and smaller entities like $SOFI SoFi to offer secure storage solutions for cryptocurrencies, catering to institutional clients, retail investors, and businesses seeking trusted custodians for digital assets. Sixteen years after Bitcoin's inception in 2009, this move opens the door for widespread participation in the crypto economy, marking a pivotal moment for assets like $BTC Bitcoin, $ETH Ethereum, and $SOL Solana, as well as platforms like $HOOD Robinhood and $COIN Coinbase.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":395950227583184,"tweetId":"395950227583184","gmtCreate":1737692740824,"gmtModify":1737694913274,"author":{"id":3563842318594455,"idStr":"3563842318594455","authorId":3563842318594455,"authorIdStr":"3563842318594455","name":"Pinkspider","avatar":"https://community-static.tradeup.com/news/2643891549304031c32c05b207f0f2b6","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":9,"crmLevelSwitch":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.19","exceedPercentage":"93.66%","individualDisplayEnabled":0},"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Published at least 3 PICK posts (or 10 IDEA posts) and, within the past 30 days, posted at least 1 PICK post (or 4 IDEA posts) and 1 comment","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.01.24","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"}}],"fanSize":324,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p>&nbsp;The SEC has repealed SAB 121, paving the way for banks to custody crypto assets. This significant development allows both major institutions like JPMorgan $JPM and smaller entities like $SOFI SoFi to offer secure storage solutions for cryptocurrencies, catering to institutional clients, retail investors, and businesses seeking trusted custodians for digital assets. Sixteen years after Bitcoin's inception in 2009, this move opens the door for widespread participation in the crypto economy, marking a pivotal moment for assets like $BTC Bitcoin, $ETH Ethereum, and $SOL Solana, as well as platforms like $HOOD Robinhood and $COIN Coinbase.</p></body></html>","htmlText":"<html><head></head><body><p>&nbsp;The SEC has repealed SAB 121, paving the way for banks to custody crypto assets. This significant development allows both major institutions like JPMorgan $JPM and smaller entities like $SOFI SoFi to offer secure storage solutions for cryptocurrencies, catering to institutional clients, retail investors, and businesses seeking trusted custodians for digital assets. Sixteen years after Bitcoin's inception in 2009, this move opens the door for widespread participation in the crypto economy, marking a pivotal moment for assets like $BTC Bitcoin, $ETH Ethereum, and $SOL Solana, as well as platforms like $HOOD Robinhood and $COIN Coinbase.</p></body></html>","text":"The SEC has repealed SAB 121, paving the way for banks to custody crypto assets. This significant development allows both major institutions like JPMorgan $JPM and smaller entities like $SOFI SoFi to offer secure storage solutions for cryptocurrencies, catering to institutional clients, retail investors, and businesses seeking trusted custodians for digital assets. Sixteen years after Bitcoin's inception in 2009, this move opens the door for widespread participation in the crypto economy, marking a pivotal moment for assets like $BTC Bitcoin, $ETH Ethereum, and $SOL Solana, as well as platforms like $HOOD Robinhood and $COIN Coinbase.","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/395950227583184","repostId":0,"isVote":1,"tweetType":1,"viewCount":14,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["09008","IBIT","ETH.USD.HKCC","03042","03008","BTC.USD.CC","03439","ETH.USD.CC","BTC.USD.HKCC","09439"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":548,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/395950227583184"}