SAB 121 rescinded: What it means for crypto custody and regulation in 2025
What was SAB 121? The Staff Accounting Bulletin (SAB) 121 rule was introduced by the SEC in March 2022 as part of its efforts to regulate cryptocurrency custody. It required financial institutions to list any crypto assets they held on behalf of customers as liabilities on their balance sheets.
SAB 121 rescinded: A clear path to crypto custody and regulation in 2025, finally
SEC rescinds controversial SAB 121, replacing it with crypto-friendly SAB 122 to ease burdens on banks and crypto firms.
SEC Rescinds SAB 121, Permitting Banks to Custody Bitcoin
The SEC has rescinded SAB 121, removing barriers for banks to custody Bitcoin and crypto, signaling a major shift in crypto regulation.
SEC cancels controversial crypto accounting rule SAB 121
A new Staff Accounting Bulletin on Jan. 23 said it “rescinds the interpretive guidance” of SAB 121, an agency rule published in March 2022 that the crypto industry has long sought to cancel. “Bye, bye SAB 121!” SEC Commissioner Hester Peirce, the agency’s crypto task force lead, wrote in a Jan. 23 X post. “It’s not been fun.”
SEC officially rescinds anti-crypto SAB 121
Today, the Securities and Exchange Commission (SEC) has pulled the plug on Staff Accounting Bulletin No. 121 (SAB 121), a rule that had tied crypto companies
SEC repeals SAB 121 accounting rule for crypto financial reporting
The U.S. Securities and Exchange Commission has repealed Staff Accounting Bulletin ("SAB") No. 121, which required banks and other publicly-traded companies to account for customers' crypto assets on their balance sheets,
SAB 121 axed: SEC repeals crypto accounting rule as Trump era dawns
The US Securities and Exchange Commission (SEC) has officially withdrawn Staff Accounting Bulletin No. 121 (SAB 121), a ...
BTC above $150K is ‘speculative fever,’ SAB 121 canceled, and more: Hodlers Digest, Jan. 19 – 25
Any level above $150,000 for Bitcoin would be "speculative fever," US SEC cancels SAB 121 rule, and more: Hodler's Digest ...
SEC Rescinds Contentious SAB 121 That Discouraged Banks From Providing Bitcoin Custody Services
Chair Gary Gensler, has repealed SAB 121, a contentious bulletin that was deemed burdensome for banks and other traditional ...
US SEC withdraws SAB 121
SAB 121 mandated that crypto custody providers and exchanges recognise customer holdings as both assets and liabilities.
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SEC Commissioner Hester Peirce Says Goodbye to Controversial Crypto Accounting Guidance SAB 121
Vanessa A. Countryman, Secretary of the SEC, confirmed that SAB 122 has officially replaced SAB 121 in the regulatory ...
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Bitcoin and SAB 121 – Will Trump’s first day go the distance for crypto?
The crypto-market could be in for an early win on the regulatory front. President-elect Donald Trump reportedly plans to ...
SAB 122: A More Significant Bitcoin Price Catalyst Than US BTC Reserves
On Thursday, January 23, the US Securities and Exchange Commission (SEC) revealed the withdrawal of Staff Accounting Bulletin ...
Pro-Crypto Policies Surge As Banks Lag—Here’s How They Can Catch Up
Explore how pro-crypto policies are evolving, why banks are playing catch-up, and key strategies to get ahead in the digital ...