On the recordSeptember 12, 2023
So if your ultimate goal is to provide real consumer protection, shouldn't the SEC withdraw Staff Accounting Bulletin 121 to allow banks to provide custody?
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congress.govSo if your ultimate goal is to provide real consumer protection, shouldn't the SEC withdraw Staff Accounting Bulletin 121 to allow banks to provide custody?
Lummis questions the SEC's bulletin's impact on banks' ability to offer crypto custody.
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More from Cynthia M. Lummis
I would ask you to provide that to the Committee so that we can go through and have a better inventory.
the more requirements that are placed on them by us, federally, the harder it is for them to spend the time, the paperwork, to do those small mortgages
So if your ultimate goal is to provide real consumer protection, shouldn't the SEC withdraw Staff Accounting Bulletin 121 to allow banks to provide custody?
Buying a home is a critical part of the American dream, and that dream is out of reach for an increasing number of Americans because of high prices and high mortgage rates.