🚀 Attention BTC enthusiasts! Financial institutions are pushing for the SEC to change the definition of crypto assets, allowing them to play a bigger role in the crypto world, such as being Bitcoin ETF custodians. 🏦

On February 14, a coalition of trade groups sent a letter to SEC Chair Gary Gensler, requesting a revisit and modification of the Staff Accounting Bulletin 121 (SAB 121) issued in March 2022. They want the SEC to narrow the definition of cryptocurrencies and exempt banks from the on-balance sheet requirements stipulated in SAB 121. 📝

This move shows that banks are eager to participate in the "digital financial wave" as Bitcoin ETFs continue to gain momentum, becoming increasingly appealing compared to traditional assets like gold. 🌊💰

Q1 FOMO is driving banks mad as they cannot hold BTC ETFs for their customers, so they're seeking a slice of the Bitcoin ETF action! 🍕 Don't miss out on this exciting development in the world of Bitcoin! 🎉