SEC, SAB 121
SEC Withdraws SAB 121 Crypto Accounting Rule, Issues New Guidance
The SEC has replaced its strict crypto custody accounting rule SAB 121 with more flexible guidance under SAB 122, allowing banks to use standard accounting principles for digital assets and potentially expanding their ability to offer crypto custody services.
What was SAB 121? The Staff Accounting Bulletin (SAB) 121 rule was introduced by the SEC in March 2022 as part of its efforts ...
Chair Gary Gensler, has repealed SAB 121, a contentious bulletin that was deemed burdensome for banks and other traditional ...
The SEC has rescinded SAB 121, removing barriers for banks to custody Bitcoin and crypto, signaling a major shift in crypto ...
SEC rescinds controversial SAB 121, replacing it with crypto-friendly SAB 122 to ease burdens on banks and crypto firms.
Any level above $150,000 for Bitcoin would be "speculative fever," US SEC cancels SAB 121 rule, and more: Hodler's Digest ...
SAB 121 mandated that crypto custody providers and exchanges recognise customer holdings as both assets and liabilities.
Cryptopolitan on MSN3d
SEC officially rescinds anti-crypto SAB 121Today, the Securities and Exchange Commission (SEC) has pulled the plug on Staff Accounting Bulletin No. 121 (SAB 121), a ...
The U.S. SEC has officially repealed SAB 121, which previously restricted banks from offering crypto custodial services.
While headlines focused on banks holding Bitcoin, the real game-changer is how this clears the path for tokenizing real world ...
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