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Shifting Sands of Investment Regulations
This chapter explores potential changes in accounting regulations and the implications of repealing SAB121 on financial institutions' handling of digital tokens. It addresses the evolving interests of major investment firms in cryptocurrencies while cautioning about the risks to pension funds reminiscent of past financial crises. The chapter critically examines the historical context and current consolidation trends in the venture capital industry, emphasizing the influence of large firms on investment strategies and technological innovation.