SEC Rule Change Paves Way for Easier Crypto Offerings by Banks

News on the Blockchain, January 25th,

Confidence in Knowledge. Not Financial Advice.

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🌍 Daily Crypto Market Overview

Global Stats:

• Cryptocurrencies: 10.05M+

• Exchanges: 780

• Market Cap: $3.57T (-1.77%)

• 24h Volume: $114.46B (-44.36%)

• Bitcoin Dominance: 57.92%

• Ethereum Dominance: 11.1%

• ETH Gas Price: 4.9 Gwei

• Fear & Greed Index: 61 (Greed)

🪙 Top 5 Cryptocurrencies by Market Cap:

💹 Market Highlights:

• Total DeFi Volume: $8.46B (7.39% of total market volume)

• Stablecoins Volume: $103.25B (90.2% of total market volume)

• Coin with Highest % Change: ADP (+87.50%)

🚀 Trending on DexScan:

1. CR7/SOL: $0.0004983 (+127%)

2. ETF/SOL: $0.003383 (+3866%)

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4. Dean/SOL: $0.004129 (+4194%)

5. PUNK/SOL: $0.009437 (+6037%)

🔥Heat Map:

📈 Preview On Today’s News:

1. - SEC Rule Change Paves Way for Easier Crypto Offerings by Banks

2. - Wall Street CEOs Signal Major Crypto Expansion Under Trump Administration

3. - Europe Races to Launch Digital Euro Amid U.S. Stablecoin Surge

Keep reading below for more!

Today’s News:

1)

SEC Rule Change Paves Way for Easier Crypto Offerings by Banks

The U.S. SEC has withdrawn the controversial SAB 121, replacing it with SAB 122, which eliminates the requirement for banks and companies to list customer cryptocurrency holdings in their financial statements. Instead, they must adhere to Financial Accounting Standards Board rules or International Accounting Standard provisions. The rule change, welcomed by the crypto community, simplifies the process for banks to offer crypto exposure to clients while requiring firms to disclose risks associated with safeguarding crypto assets. This move, alongside positive market sentiment fueled by President Trump’s pro-crypto stance, may drive an extended cryptocurrency bull run and increased institutional participation.

• The SEC's SAB 122 eliminates the need for banks and companies to list customer crypto holdings, easing crypto offerings while requiring risk disclosures.

• Combined with pro-crypto policies, the change could boost institutional crypto adoption and potentially lead to a prolonged market rally.

2)

Wall Street CEOs Signal Major Crypto Expansion Under Trump Administration

Wall Street's top CEOs are preparing to expand their involvement in the cryptocurrency market, spurred by favorable policies promised by the Trump administration. Since his nomination in November 2024, Donald Trump has positioned himself as a "crypto president," launching initiatives like a digital asset regulation team and appointing a crypto-supportive SEC chair. Morgan Stanley and Bank of America are among the financial giants exploring ways to integrate crypto into their offerings. Morgan Stanley, already a pioneer in Bitcoin access for wealthy clients, sees potential for broader adoption with regulatory clarity. Similarly, Bank of America's CEO, Brian Moynihan, expressed willingness to embrace crypto as a payment option if Trump’s policies create a favorable environment, potentially unlocking widespread adoption.

• Wall Street leaders, including Morgan Stanley and Bank of America, are ready to expand into crypto, citing momentum from Trump administration policies and clearer regulations.

• Trump's initiatives, such as appointing a pro-crypto SEC chair and launching a digital asset regulation team, have fueled optimism for mainstream crypto adoption by financial institutions.

3)

Europe Races to Launch Digital Euro Amid U.S. Stablecoin Surge

The European Central Bank (ECB) is fast-tracking plans to introduce a digital euro to counter the growing global dominance of U.S. dollar-backed stablecoins, which have gained momentum following a recent executive order by the U.S. President endorsing lawful, dollar-backed stablecoins. European policymakers view this trend as a threat to the eurozone’s financial stability and competitiveness. While the proposed digital euro would be backed directly by the ECB and offer an alternative to traditional banking systems, it raises concerns among European banks, which fear a potential shift of customer funds to ECB-backed wallets, threatening their profitability. A final decision on its implementation rests with European lawmakers as they balance the risks and benefits of the initiative.

• The ECB is expediting plans for a digital euro to counter U.S. stablecoin dominance, aiming to protect eurozone financial stability and competitiveness.

• European banks express concerns over customer fund shifts to ECB-backed wallets, while the final decision on the digital euro's adoption lies with European lawmakers.

Disclaimer:

The information provided in this newsletter is based on our data findings and opinions. It is intended for informational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risk, and it is important to conduct your own research and consult with a qualified financial advisor before making any investment decisions. We are not responsible for any financial losses or gains you may incur as a result of using this information.

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