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

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

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.

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The U.S. SEC has officially repealed SAB 121, which previously restricted banks from offering crypto custodial services.

Following Donald Trump’s formal inauguration as the 47th President of the United States, the SEC announced the cancellation of this controversial rule on Jan. 23 and introduced SAB 122 ...

Vanessa A. Countryman, Secretary of the SEC, confirmed that SAB 122 has officially replaced SAB 121 in the regulatory ...

SAB 122 rescinded the guidance of SAB 121 - the bulletin that "expressed the views of the staff regarding the accounting for obligations to safeguard ...