The dawn of the crypto era in the United States continues to gain momentum.

The SEC just killed off SAB 121, replacing it with SAB 122. 

This historic move means U.S. banks can finally handle Bitcoin without jumping through impossible hoops.

Bye Bye, Bad Rules

SAB 121 was Gary Gensler's way to keep banks in line – forcing them to treat customer crypto like their own debt. 

Even when Congress tried killing it, Biden vetoed the move and kept it alive. 

Now, Trump's SEC is finishing what Congress started and ending SAB 121 once and for all.

SAB 122 changes everything for banks. They can now follow standard accounting rules for crypto custody. 

No more pretending Bitcoin on your books is the same as debt. 

Plus, they get flexibility in how they handle these assets – just like they do with traditional securities.

Banks Breathe Easy

Allowing banks to treat crypto custody risks like any other business risk is a massive change of pace in the US. 

It means simpler books, clearer rules, and, most importantly, a real shot at offering crypto services without breaking their balance sheets.

The usual crypto champions are celebrating. 

Hester Peirce from the SEC has been pushing for this for years, and Rep French Hill is calling it common sense. 

Senator Lummis claims she’s "thrilled,” and Michael Saylor is no doubt particularly excited about banks getting into Bitcoin custody.

This is Trump's SEC saying America's open for crypto business. 

After years of banks tip-toeing around digital assets, they've got a clear path forward. 

No more regulatory gymnastics – just straightforward custody services.

The Wave Begins

Wall Street has been patiently waiting for this ever since they took the orange pill and started to love Bitcoin. 

Every major bank has clients asking about crypto, but SAB 121 made it nearly impossible to help them. 

Now, the doors are open, and we expect announcements from big banks about crypto custody services to follow quickly.

Between this move and the Bitcoin ETF approvals, Trump’s team seems to be actively working to rebuild America's crypto regulatory framework from the ground up, intending to make the U.S. the world's crypto capital.

This change hits different from other crypto news. 

It doesn’t have the same flashy price moves in the headlines, but its implications are far deeper than short-term price action. 

Banks can finally build the bridges between traditional finance and crypto that institutions have been waiting for, just in time for the new American crypto renaissance.