The SEC has rolled back a controversial crypto accounting rule, signaling a shift in its stance on how cryptocurrency assets are treated. This decision comes as President Trump issued an executive order exploring Bitcoin storage and banning the creation of CBDCs (central bank digital currencies), instead promoting dollar-backed stablecoins. Additionally, industry experts like Fiorenzo Manganiello of LIAN Group are discussing broader crypto market trends, including the growing popularity of meme coins like “memecoin” and their impact on market volatility.
Source: https://www.cnbc.com/video/2025/01/24/sec-rolls-back-controversial-crypto-accounting-rule-cnbc-crypto-world.html