News Score: Score the News, Sort the News, Rewrite the Headlines

SEC revokes unpopular banking rule that blocked Wall Street banks from adopting crypto

Avishek Das | Lightrocket | Getty ImagesAfter years of lobbying by the crypto industry, the U.S. Securities and Exchange Commission has rescinded an accounting rule that forced banks to treat bitcoin and other tokens as a liability on their balance sheets. The guidance was a major deterrent to Wall Street banks owning bitcoin — and was the latest in a string of actions taken by the new Trump administration to make it easier for U.S. companies and financial firms to deal in virtual, decentralized...

Read more at cnbc.com

© News Score  score the news, sort the news, rewrite the headlines