Donald Trump has built a pro-Bitcoin administration, but whether he can fulfill campaign promises remains uncertain due to upcoming political negotiations.
Repealing SAB 121 would alleviate burdens on US banks, promoting institutional adoption of Bitcoin, as the rule is viewed as a significant obstacle.
The expected repeal of SAB 121 would mark a turning point, signaling Trump's commitment to championing the Bitcoin sector from day one of his presidency.
The first 100 days of Trump's presidency will be crucial for the Bitcoin community, with three major actions needed to bolster the cryptocurrency's adoption.
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