In March 2022, the SEC issued SAB 121, which was designed to articulate the views of the SEC staff regarding the accounting for obligations to safeguard crypto assets an entity holds for platform ...

Reversal of SAB 121 allows banks to offer Bitcoin-backed loans, making it easier for holders to access capital without selling their assets, says BitLab Director Kelly Kellam.

The controversial SAB 121 rule, which former SEC Chair Gary Gensler backed, led to increased capital reserve obligations as it required lenders to recognize client-held crypto on their balance sheets.

U.S. regulators have released long-awaited guidance on crypto custody for banks. The Trump administration has cleared the ...

That same day, the Securities and Exchange Commission ("SEC") staff rescinded Staff Accounting Bulletin ("SAB") 121, accounting guidance related to crypto assets that SEC staff had issued in 2022.

The accounting bulletin threw a wrench not just in banks' plans to provide custody for crypto, but also the Federal Deposit Insurance Corp., Office of the Comptroller of the Currency and the Federal ...

BTC above $150K is ‘speculative fever,’ SAB 121 canceled, and more: Hodlers Digest, Jan. 19 – 25 A crypto analyst says if Bitcoin goes above $150,000, "we will go back down through it," the ...

Today, SAB 122 rescinded the guidance of SAB 121 - the bulletin that "expressed the views of the staff regarding the accounting for obligations to safeguard crypto-assets an entity holds for ...

Since Donald Trump’s return to power as the US president, crypto markets have surged, powered by regulatory shifts, ...

The SAB 121 development comes after Trump signed executive orders, halting progress on central bank digital currencies and exploring the case of a Bitcoin BTC/USD reserve.

SAB 121. Another big moment for the space this year was the axing of Staff Accounting Bulletin (SAB) 121, which restricted the ways in which banks could hold crypto on their balance sheet.

BTC above $150K is ‘speculative fever,’ SAB 121 canceled, and more: Hodlers Digest, Jan. 19 – 25. Story by Cointelegraph By Editorial Staff ...