SEC Commissioner Hester Peirce, who now leads the agency’s crypto task force, took to social media to express her relief, ...

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 ...

SAB 121 has been viewed as a significant obstacle preventing banks from providing custody services relating to crypto assets. While assets held under a custodial or trust arrangement are generally ...

A summary of notable developments in SEC crypto and digital asset regulation under the second Trump administration.

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 ...

For context, SAB 121 was an interpretive guidance issued by the SEC in March 2022 to SEC-reporting companies, like large publicly traded banks, stating that entities holding crypto assets in ...

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 ...

Uyeda had also publicly opposed SAB 121 during former SEC Chair Gary Gensler’s term. Gensler- who had carried out a largely enforcement-driven stance on crypto- stepped down from the SEC earlier ...

The U.S. Securities and Exchange Commission has repealed Staff Accounting Bulletin ("SAB") No. 121, which required banks and other publicly-traded companies to account for customers' crypto assets ...