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

Controversial Securities and Exchange Commission accounting guidance known as SAB 121 has been rescinded. SAB 121 has been viewed as a significant obstacle preventing banks from providing custody ...

Preston Pysh explains how the rescission of SAB 121 could permanently entrench Bitcoin into the financial system, surpassing the importance of a Strategic Bitcoin Reserve. In the rapidly evolving ...

SAB 121 required banks and other traditional financial institutions to hold customers' crypto assets as liabilities on their balance sheets Banks can now hold their customers' Bitcoin and other ...

The SEC has rescinded SAB 121, removing barriers for banks to custody Bitcoin and crypto, signaling a major shift in crypto regulation. In a landmark decision, the U.S. Securities and Exchange ...

Issued on March 31, 2022, SAB 121 required public companies holding crypto on behalf of their customers to record customer-held crypto assets on their balance sheets as both an asset and a corresp ...

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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. Kelly Kellam ...

SAB 121- which was implemented in 2022- was also overturned by Congress, but was kept in place by a veto by former President Joe Biden. “Bye, bye SAB 121! It’s not been fun,” SEC ...