What Does Fair Value Accounting Mean For Bitcoin In Corporate Strategy?
At the Benzinga Future of Digital Assets conference, experts discussed the far-reaching impact of recent and potential regulatory changes on digital asset markets. The conversation centered on how these developments could accelerate institutional adoption, with key insights into the repeal of SAB 121 and the effects of updated accounting standards.
Easing Custody Restrictions Could Unlock Institutional Growth
SAB 121, which limits banks’ ability to offer custody services for digital assets, has long been a barrier to broader institutional adoption. Adam Guren, founder of Hunting Hill Global Capital, called attention to its restrictive nature and the opportunity its repeal could represent. “Once the banks are coming into the U.S., it’s just a massive uptick from flows and the way the space can be institutionalized,” he stated.
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