Tironianae 🍊 🍊 Z. - Ultra Verbum Vincet

🌟🌟🌟🌟🌟 Today the U.S. Senate voted for a bipartisan resolution to overturn the Securities and Exchange Commission’s (SEC) SAB 121, the staff accounting bulletin that makes it prohibitive for banks to offer digital asset custody services. This follows a similar Congressional vote last week. Today’s resolution was passed with 60 votes in favor and 38 against. That included the Democrat Senate majority leader Chuck Schumer voting in favor. His vote could prove important because last week, the White House vowed to veto the resolution if it were presented to the President. The accounting rule requires listed firms, including banks to include assets under custody as both an asset and liability on their balance sheets. Usually these assets don’t go on the balance sheet because they belong to the client. Given bank capital requirements are based on their balance sheets, this means banks need to set aside huge amounts of capital to provide ➡️digital asset ⬅️custody. It’s the reason why no banks provide custody for the Bitcoin ETFs. The Government Accountability Office (GAO) determined that SAB 121 warranted a Congressional review. Apparently the SEC also did not consult with banking regulators before issuing the accounting bulletin. https://www.ledgerinsights.com/senate-votes-to-overturn-sec-crypto-custody-rule/

🌟🌟🌟🌟🌟 Today the U.S. Senate voted for a bipartisan resolution to overturn the Securities and Exchange Commission’s (SEC) SAB 121, the staff accounting bulletin that makes it prohibitive for banks to offer digital asset custody services. This follows a similar Congressional vote last week. Today’s resolution was passed with 60 votes in favor and 38 against. That included the Democrat Senate majority leader Chuck Schumer voting in favor. His vote could prove important because last week, the White House vowed to veto the resolution if it were presented to the President. The accounting rule requires listed firms, including banks to include assets under custody as both an asset and liability on their balance sheets. Usually these assets don’t go on the balance sheet because they belong to the client. Given bank capital requirements are based on their balance sheets, this means banks need to set aside huge amounts of capital to provide digital asset custody. It’s the reason why no banks provide custody for the Bitcoin ETFs. The Government Accountability Office (GAO) determined that SAB 121 warranted a Congressional review. Apparently the SEC also did not consult with banking regulators before issuing the accounting bulletin. https://www.ledgerinsights.com/senate-votes-to-overturn-sec-crypto-custody-rule/

According to the EFE Agency, Spain has denied a stopover permit to a ship with weapons destined for Israel. Keep always informed Subscribe to @Intelsky 💫

URGENT ⚡🇵🇱 – Polish Prime Minister Tusk said he received threats after the assassination attempt on his colleague Fico Keep always informed Subscribe to @Intelsky 💫

BREAKING –  CDC WARNS OF DEADLY MPOX OUTBREAK IN CONGO The CDC reports a record surge in mpox(monkeypox) cases in the Democratic Republic of the Congo (DRC), with fears it could spread to the US. A more severe strain, clade I, has caused 19,919 cases and 975 deaths. Officials urge vulnerable Americans to get vaccinated. Sources: CDC, DailyMail 🔗 Mario Nawal Keep always informed Subscribe to @Intelsky 💫

Campaign 2024: Fmr. Pres. Trump Speaks at NRA Leadership Forum in Dallas | C-SPAN.org https://www.c-span.org/video/?535734-1/fmr-pres-trump-speaks-nra-leadership-forum-dallas

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I love Time Travel! Mathematically Imossible! Unless you have been THERE! KEK ~T edit: Hmmmm....or unless you are in complete control. https://twitter.com/TradeIdeas/status/1791136343076323562?t=Zb5I6FidQ0aV_a7mjFbokw&s=19

PLF105 - Reg: 0001 - Squawk: 6213 - Poland reg 0001