The SEC has replaced its strict crypto custody accounting rule SAB 121 with more flexible guidance under SAB 122, allowing ...

In a notice posted on its website, the SEC said the 2022 guidance known as Staff Accounting Bulletin 121, which then-President Joe Biden blocked lawmakers from cancelling in May of last year, had been ...

US SEC rescinds SAB 121, allowing banks more flexibility in crypto custody, with industry support and bipartisan praise ...

SEC revises crypto custody accounting policy with SAB 122, offering banks flexibility in reporting liabilities for safeguarding assets.

The US Securities and Exchange Commission (SEC) has officially withdrawn Staff Accounting Bulletin No. 121 (SAB 121), a ...

The U.S. Securities and Exchange Commission (SEC) announced Thursday that it had rescinded accounting guidance long criticized by the cryptocurrency industry. The move signals an early shift under ...

The Securities and Exchange Commission (SEC), led by new acting Chair Mark Uyeda, has rescinded the controversial Staff Accounting Bulletin (SAB) 121, a rule that imposed strict disclosure ...

The Securities and Exchange Commission has rescinded a Staff Accounting Bulletin on safeguarding cryptocurrency assets that had been criticized by the industry and even by some of its own ...

Under the revised framework, companies can now assess crypto-safeguarding obligations under broader U.S. GAAP and IFRS standards.

The SEC published a new staff accounting bulletin rescinding SAB 121, which set certain rules for financial firms wanting to hold crypto.

US President Donald Trump has wasted no time in demonstrating his fealty to the cryptocurrency industry that backed his 2024 election ambitions. The alliance could herald a golden dawn for crypto, ...

This week, on the first full day of the new administration, the SEC under acting Chairman Mark Uyeda announced the formation of an agencywide task force to study cryptocurrencies and chart a “sensible ...