In a recent statement, Geoff Kendrick, the global head of digital assets research at Standard Chartered, expressed optimism about the progress on relaxing regulations in 2025. Kendrick mentioned the potential repeal of SAB 121, which imposes stringent accounting rules on banks’ digital asset holdings.
According to Kendrick, regardless of who occupies the White House, the momentum towards easing regulations will persist. However, he noted that progress may be slower under a Harris presidency.
Overall, the outlook for regulatory changes in the banking sector looks positive for the coming year. Banks are expected to have more flexibility in managing their digital asset holdings, which could lead to increased innovation and investment in the digital assets space.
