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Circle CEO ‘strongly in favor’ of Trump repealing SAB 121

Jeremy Allaire expects President Trump to sign crypto-friendly executive orders imminently, aiming to ease restrictions imposed by the SEC through SAB 121, which limits banks from holding digital assets.

Although the US House attempted to repeal SAB 121, President Biden vetoed the motion. Notably, despite the swell of optimism in the crypto market, Trump did not include any reference to digital assets in his recent inauguration speech.

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