What was SAB 121? The Staff Accounting Bulletin (SAB) 121 rule was introduced by the SEC in March 2022 as part of its efforts ...
Explore how pro-crypto policies are evolving, why banks are playing catch-up, and key strategies to get ahead in the digital ...
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.
SEC revises crypto custody accounting policy with SAB 122, offering banks flexibility in reporting liabilities for ...
President Trump’s second administration painted a new landscape for digital assets and cryptocurrency in the United States ...
While headlines focused on banks holding Bitcoin, the real game-changer is how this clears the path for tokenizing real world ...
The Securities and Exchange Commission has rescinded a Staff Accounting Bulletin on safeguarding cryptocurrency assets that ...
The SEC has replaced its strict crypto custody accounting rule SAB 121 with more flexible guidance under SAB 122, allowing ...
SAB 121 mandated that crypto custody providers and exchanges recognise customer holdings as both assets and liabilities.