The US Securities and Exchange Commission (SEC) has officially withdrawn Staff Accounting Bulletin No. 121 (SAB 121), a ...

The SEC has rescinded SAB 121, removing barriers for banks to custody Bitcoin and crypto, signaling a major shift in crypto ...

The U.S. Securities and Exchange Commission has repealed Staff Accounting Bulletin ("SAB") No. 121, which required banks and ...

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

The Securities and Exchange Commission (SEC), led by new acting Chair Mark Uyeda, has rescinded the controversial Staff Accounting Bulletin (SAB) 121, a rule that imposed strict disclosure ...

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 ...

However, the new administration is seen as more cryptocurrency-friendly. Soon after being named acting chair, Uyeda ...

Chair Gary Gensler, has repealed SAB 121, a contentious bulletin that was deemed burdensome for banks and other traditional ...

After years of lobbying by the crypto industry, the U.S. Securities and Exchange Commission has rescinded an accounting rule ...

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

Under the leadership of former SEC Chair Gary Gensler, the SEC adopted a stringent regulatory stance toward the crypto sector.

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 ...