Loading...
Market
How will major financial institutions react to the repeal of SEC's SAB 121?
5
Resolution / Starting Odds
Expand cryptocurrency services • 33%
Maintain current services • 33%
Reduce cryptocurrency services • 33%
Public statements or official filings by major banks
Story
Rep. Flood Pushes Bipartisan H.J. Res. 109 to Repeal SEC's SAB 121
May 7, 2024, 02:44 PM
Representative Mike Flood is actively advocating for the repeal of SAB 121 with a bipartisan resolution, H.J. Res. 109. This SEC regulation under Gary Gensler has hindered banks from custodian cryptocurrencies, causing consumers to struggle in finding secure storage for their assets. Flood testified before the House Rules Committee, criticizing the rule for limiting options and increasing risks, which he argues contradicts the SEC's goal of protecting investors. House Republicans have also expressed their support, emphasizing the need for oversight and accountability of the SEC.
View original story
Similar markets
Expand cryptocurrency services • 25%
Maintain current level of services • 25%
Reduce cryptocurrency services • 25%
Terminate cryptocurrency services • 25%
Support new bill • 25%
Oppose new bill • 25%
Implement internal changes • 25%
No significant change • 25%
Introduce more crypto-friendly legislation • 33%
Increase regulatory scrutiny on cryptocurrencies • 33%
Maintain current stance without significant changes • 34%
Yes, SEC proposes a new crypto regulation • 50%
No, SEC does not propose a new crypto regulation • 50%
Expanding crypto offerings • 25%
Maintaining current offerings • 25%
Reducing crypto exposure • 25%
No change in strategy • 25%
Tougher regulations • 33%
No change in policy • 33%
Relaxed regulations • 34%
Increased custody services • 25%
Decreased custody services • 25%
No change in services • 25%
Banks exit from cryptocurrency custody • 25%
Increase in services • 33%
No change • 33%
Decrease in services • 34%
Significant positive impact on crypto market • 33%
Significant negative impact on crypto market • 33%
No significant impact on crypto market • 34%
Support Passage • 25%
Oppose Passage • 25%
Neutral • 25%
No Public Reaction • 25%
Compliance • 25%
Non-compliance • 25%
Legal Challenge • 25%
Service Modification • 25%
Supportive statements • 25%
Neutral statements • 25%
Critical statements • 25%
No public reaction • 25%