Why President Trump rescinding SAB 121 is such a "YUGE" deal for Bitcoin & Crypto! 🏦🪙

SAB 121 considered Bitcoin/Crypto assets as a "Liability" on the books of the Bank. The Banks had to hold dollar-for-dollar reserves for the value of that Bitcoin/Crypto. If the Bitcoin/Crypto being held was worth $100M, the bank had to keep $100M in US Dollars locked up that they could not lend out. No Bank would touch Bitcoin/Crypto assets as a result. Now that SAB 121 is gone, you will soon see Banks let customers borrow against their Bitcoin/Crypto, and likely interest payments (typically 5%) on the value of that Bitcoin/Crypto, without having to sell that Bitcoin/Crypto. Very cool. Just keep in mind: "Not your Keys, Not your coins."

It won't happen overnight as there is no infrastructure built yet for Banks to safely hold Bitcoin/Crypto, or guidelines. But rest assured they are already working on it in a race against one another.

-------------------------------------------------------------------------------------------------------
Enjoy the content I provide? Please help support this renegade channel with PayPal! 💰
PayPal: [email protected]

Or, if you like you can Buy Me A Coffee: https://www.buymeacoffee.com/MAGAlionHAT

Crypto wallet addresses below. If you have a type of Crypto you wish to donate that I don't have a wallet for, email me and I will create one! 🤑

It keeps me afloat while I'm working to produce informative and entertaining videos while finding and providing gems from other creators for you to enjoy! 🤗
Any donation would be GREATLY appreciated! Thank you and God Bless! 🙏

₿itcoin (BTC):
bc1q63xshh2c2u4tvc6jksl5crlhtp554qu0l4nn8j

₿itcoin Cash (BCH):
qqms8t79e6rk5z5djad360d38y9kkqnh7yfpxkkuy5

₿itcoin SV (BSV):
1F6oH8qkMjswViJSwq965gRivE3DqKuJKC

Litecoin (LTC):
LgxrUdjUxnmFGLtsAbh76C3aAm3dXAGDFV

Dogecoin (DOGE):
DGn5bkC9WM1E2oM79HWiYoVxE3rHuEGkoS

Ethereum Classic (ETC):
0xC03AEe5333D50a20810e1A7585D9BB3f77E0B773

Ethereum (ETH):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E

Shiba Inu (SHIB):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E

Chainlink (LINK):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E

Polygon (MATIC):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E

Ripple (XRP):
rwvGofsMZQMyqro9YPe7swpo6C6Kagpg2e

VeChain (VET):
0x6410f2e05fEF8169bd1A6935884B9D4D56D9017b