On January 23, 2025, the Securities and Exchange Commission (SEC) issued Staff Accounting Bulletin 122 (SAB 122), rescinding the controversial ...

What was SAB 121? The Staff Accounting Bulletin (SAB) 121 rule was introduced by the SEC in March 2022 as part of its efforts ...

Chair Gary Gensler, has repealed SAB 121, a contentious bulletin that was deemed burdensome for banks and other traditional ...

The US Securities and Exchange Commission (SEC) has officially withdrawn Staff Accounting Bulletin No. 121 (SAB 121), a ...

The SEC has rescinded SAB 121, removing barriers for banks to custody Bitcoin and crypto, signaling a major shift in crypto ...

President Trump signed an executive order titled Strengthening American Leadership in Digital Financial Technology (Crypto ...

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

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

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

A new Staff Accounting Bulletin on Jan. 23 said it “rescinds the interpretive guidance” of SAB 121, an agency rule published ...

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