Crypto markets have seen a surge in prices in the past few days. Amid the bull run, many Wall Street institutions have demanded the SEC to ease the current guidelines on crypto. According to a Bloomberg report, financial institutions wrote a letter to the SEC demanding that guidelines related to digital currencies should be changed.
Financial institutions urge for change in crypto regulations
According to Bloomberg, strong institutional groups are pressuring the Securities and Exchange Commission to modify accounting guidelines in a way that increases the cost of US banks holding digital assets on behalf of their clients. The coalition of trade associations, comprising the American Bankers Association, the Securities Industry and Financial Markets Association, the Financial Services Forum, the Bank Policy Institute, and others, wrote the SEC a letter on Wednesday requesting several adjustments.
This urge for crypto regulation change comes at a time when prices for Bitcoin and the deman
We współpracy z: https://coingape.com/wall-street-institutions-push-for-alterations-in-crypto-regulatory-guidelines/
