#May CPI Incoming#
This Wednesday, the U.S. will release May CPI data — a key test for rate cut expectations. Cleveland Fed forecasts 2.4% YoY CPI (up from 2.3%), with core CPI flat.
💬 If inflation beats expectations, will the Fed still cut in June? Will you stay on the sidelines or take early action?
#Tech Giants Eye Stablecoins#
Apple, Google, Airbnb, and X are in talks to integrate stablecoins into their payment systems, aiming to cut fees and streamline global payments. Following Circle’s IPO surge, stablecoins are quickly gaining traction across tech and finance.
💬 Could stablecoins be
The post SEC repeals SAB 121: banks are free to hold digital assets appeared first on Atlas21.
SEC repeals SAB 121: banks are now free to hold digital assets SAB 121 was a rule introduced by former SEC Chairman Gary Gensler that required companies holding cryptocurrencies (such as banks and exchanges) to report those assets as "liabilities" on their balance sheets.
The rule required them to do so. For example, if a bank managed $1 million worth of bitcoins for its customers, it had to have $1 million in cash reserves. This requirement made it prohibitively expensive and difficult for tra