roadrunner Posted July 11, 2024 Share Posted July 11, 2024 On Wednesday, Federal Reserve Chair Jerome Powell testified before the U.S. House Financial Services Committee, where Congressman Josh Gottheimer (D-NJ) questioned him about the SEC’s Staff Accounting Bulletin (SAB) 121. This bulletin mandates that banks include digital assets held in custody on their balance sheets, significantly raising the cost of providing digital asset custody services. […]View the full article Quote Link to comment https://slingbank.com/forums/topic/24805-fed-chair-powell-reaffirms-stance-on-custody-assets-amid-sec-crypto-rule-controversy/ Share on other sites More sharing options...
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