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Crypto Revolution Kicks Off as SEC Scraps SAB121

Author

Austin Hodge
January 24, 2025 • Read Time: 11 minutes

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In a dramatic twist that's bound to make waves in the crypto world, the SEC has canned its highly controversial SAB121—finally admitting it hampered partnerships between banks and the crypto sector. This move, executed within the inaugural days of Donald Trump's new presidency, symbolizes a seismic shift in regulatory attitude, shedding the heavy shackles of Gary Gensler’s era.

With lawmakers and crypto enthusiasts cheering from the sidelines, it seems like a new page is turning for the industry as federal regulators signal a more open-minded approach under Acting SEC Chair Mark Uyeda.

Let’s dive in!

  • SEC repeals controversial crypto custody rule SAB121, easing crypto custodian regulations under Trump and signaling collaborative attitude between government and financial sector. - Read More

  • Bitcoin maxis worry Trump's crypto stockpile order includes altcoins, creating political friction. — Read More

  • Trump's executive order aims to establish crypto-friendly policies, banning work on CBDCs, creating a crypto and AI advisory group, but Bitcoin's price reacts negatively to the news. — Read More

  • US Congressional bipartisan effort seeks to prevent IRS from enforcing strict crypto regulations, fearing innovation hurdles. — Read More

  • Anvil protocol seeks to replace traditional monetary systems with crypto-collateralized credit options, challenging the high social costs of payments. — Read More

  • Ledger Co-founder, David Balland and wife rescued after kidnapping ordeal involving ransom and high-risk police operation. — Read More

  • Residents with greater financial challenges favor crypto, says Coinbase study. — Read More

  • Morgan Stanley explores blockchain services amid institutional crypto adoption surge. — Read More

  • OKX becomes the first crypto exchange to secure MiCA pre-authorization in Europe, setting up a hub in Malta. — Read More

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