SEC rescinds controversial SAB 121, replacing it with crypto-friendly SAB 122 to ease burdens on banks and crypto firms.

On Thursday, January 23, the US Securities and Exchange Commission (SEC) revealed the withdrawal of Staff Accounting Bulletin ...

Today, the Securities and Exchange Commission (SEC) has pulled the plug on Staff Accounting Bulletin No. 121 (SAB 121), a ...

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

SAB 121 mandated that crypto custody providers and exchanges recognise customer holdings as both assets and liabilities.

The U.S. SEC has officially repealed SAB 121, which previously restricted banks from offering crypto custodial services.

The U.S. Securities and Exchange Commission has repealed Staff Accounting Bulletin ("SAB") No. 121, which required banks and ...

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 ...

SAB 122 rescinded the guidance of SAB 121 - the bulletin that "expressed the views of the staff regarding the accounting for obligations to safeguard ...

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

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