The SEC has rescinded SAB 121, removing barriers for banks to custody Bitcoin and crypto, signaling a major shift in crypto ...
Vanessa A. Countryman, Secretary of the SEC, confirmed that SAB 122 has officially replaced SAB 121 in the regulatory ...
What was SAB 121? The Staff Accounting Bulletin (SAB) 121 rule was introduced by the SEC in March 2022 as part of its efforts ...
US Securities and Exchange Commission staff repealed accounting guidance the crypto industry has said squashed its ability to ...
President Trump signed an executive order establishing a crypto advisory group and exploring a national digital asset ...
The SEC’s statement regarding the commission doesn’t really provide much insight into what it will seek to do, other than ...
The Securities and Exchange Commission on Thursday repealed a cryptocurrency accounting directive that prevented banking institutions from providing custodial services for digital assets. What ...
Under the revised framework, companies can now assess crypto-safeguarding obligations under broader U.S. GAAP and IFRS standards.