“Three key things can be done immediately, with no need for legislation,” said the Chairman, election results behind us, tailwinds for crypto building.
“Number one, SAB 121 can be repealed as soon as the new administration takes over,”
“Number two, we should see the SEC and the banking regulators coordinate on stablecoin guidance, which will bring stablecoin into the regulatory mainstream, allowing for its adoption throughout the banking system and our capital markets.”
“Number three is that clear guidance from the SEC and CFTC should be given to the trading of tokens in the secondary markets,” said the Chairman.
It seems he is talking about stable coins (sometimes known as “sh*tcoins”) but this will bring to the fore BTC in the long run. The more people who get disillusioned by stable coins the more people will come to BTC.