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U.S. Congressman slams SEC for stifling innovation through misuse of SAB 121

CoinGape
Summary
Nutrition label

63% Informative

U.S. Congressman Ritchie Torres slams SEC for stifling innovation through the misuse of SAB 121 .

US SEC and Federal Reserve have been pressuring banks offering crypto custody services.

Despite regulatory hurdles, banking giant BNY Mellon secured approval to offer crypto custodial services.

VR Score

47

Informative language

38

Neutral language

37

Article tone

formal

Language

English

Language complexity

58

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no affiliate links