SEC SAB 121 Cancellation vs. Preston Pysh Advocacy for Strategic Bitcoin Reserves
Di US Securities and Exchange Commission (SEC) don cancel Staff Accounting Bulletin No. 121 (SAB 121), wey dey tell financial institutions to dey see customer-held digital assets as debt wey dem dey owe. Dis move, wey SEC Commissioner Hester Peirce back, dey aim to create better regulatory environment wey go dey favour crypto, reduce compliance money and push innovation forward. Meanwhile, Preston Pysh dey argue say SAB 121 better pass just to dey keep Bitcoin reserves. E dey highlight how e fit make things clear and manage risk wella, dey advice companies to put Bitcoin inside strong auditing framework to make corporate treasuries adopt am more. Dis development dey show say dem dey try reconcile crypto integration with regulatory practices wey don dey ground, fit affect both cryptocurrency market and traditional financial sectors.
Neutral
Di repeal of SAB 121 dey show say regulation fit dey ease up, wey fit draw more old-school money houses come crypto market. But, Preston Pysh talk say dey still get wahala wey companies dey face to adopt cryptocurrencies, e dey yarn say we need strong rules to make sure everything go smooth. This one show say market dey balance, where regulation change fit ginger new ideas but no mean say price go move sharp sharp. Market fit still dey calm as people dey check wetin go happen for long run and how crypto and old-school money people fit work together.