Following the presidential inauguration in the United States, the crypto industry is brimming with hopes for fewer regulatory hurdles. The appointment of new leaders at key regulatory bodies, particularly the SEC and FDIC, raises expectations for significant changes in crypto policies.
New SEC Leadership and the Impact of SAB 121
The emergence of Paul Atkins as the new SEC chairman could alter how banks handle crypto assets. Should SAB 121 be revoked, major banks may find greater flexibility to operate in the crypto space.
Under the leadership of interim FDIC chairman Travis Hill, banks are likely to adopt a more lenient stance toward crypto activities. Hill advocates for the facilitation of crypto-related operations without the need for regulatory approval.
Other Regulatory Entities and Anticipated Changes
Leadership changes are also anticipated in other regulatory agencies like the OCC. These alterations are expected to pave the way for more widespread use of crypto assets within the financial system.
24h Most Popular
Utilities