Beginning immediately, banks can now list bitcoin and as “assets” on a balance sheet, rather than a liability, which required them to match the equivalent amount in fiat.

This is only SEC guidance, but it shaped all FDIC policy and internal procedures for banks.

This is also useful for Bitcoin brokerages and exchanges, as they were required to also match all bitcoin deposits with fiat.

It will likely take until the first of Q1 (April) to really see the impact once publicly listed banks have to post their deposits and assets.

I’d also assume many management boards of directors will slowly start to green-light bitcoin as an asset.

Next up is policy changes at FDIC