SAB 121 axed: SEC repeals crypto accounting rule

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The U.S. Securities and Exchange Commission has repealed Staff Accounting Bulletin ("SAB") No. 121, which required banks and other publicly-traded companies to account for customers' crypto assets on their balance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The US Securities and Exchange Commission (SEC) has officially withdrawn Staff Accounting Bulletin No. 121 (SAB 121), a crypto accounting rule introduced in 2022, just days after SEC Chair Gary Gensler stepped down.
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 framework.
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.
SEC Rescinds SAB 121 Rule, Easing Crypto Custody Accounting for Banks
US SEC rescinds SAB 121, allowing banks more flexibility in crypto custody, with industry support and bipartisan praise
SEC Withdraws Crypto Accounting Bulletin
With little fanfare, on January 23, 2025, the US Securities and Exchange Commission (SEC) withdrew controversial Staff Accounting Bulletin 121 regarding custody of digital assets.
SAB 121 rescinded: What it means for crypto custody and regulation in 2025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 ...
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Chair Gary Gensler, has repealed SAB 121, a contentious bulletin that was deemed burdensome for banks and other traditional ...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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U.S. Banks Greenlit for Bitcoin Custody: SEC’s Strategic Withdrawal from SAB 121
Discover how the SEC's repeal of SAB 121 opens doors for U.S. banks to custody Bitcoin, heralding a new era of crypto integration and financial innovation.
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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 ...
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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 ...
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Circle CEO Predicts Repeal of SAB 121 Under Trump
In the latest interview, Circle CEO made a huge remark, saying he is expecting repeal of SAB 121 and a new executive order ...
Is the scrapping of SAB 121 a poisoned chalice for Bitcoin?
The US Securities and Exchange Commission rescinded Staff Accounting Bullet 121 (SAB 121), which had asked financial firms ...