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Bitcoin and SAB 121 – Will Trump’s first day go the distance for crypto?

On his first day in office, President-elect Donald Trump aims to roll back the SAB 121 accounting rule, which previously restricted banks from engaging in cryptocurrency dealings. This could pave the way for a more robust crypto environment in the U.S., aligning with his administration’s pro-crypto stance.

Expectations for a U.S. Strategic Bitcoin Reserve are growing. The odds for establishing this reserve have notably risen to 36%. Analysts believe that such a development could significantly enhance Bitcoin’s market value and induce greater interest from other nations.

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