The Staff Accounting Bulletin (SAB) 121 rule was introduced by the SEC in March 2022 as part of its efforts to regulate cryptocurrency custody. It required financial institutions to list any ...

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 ...

Today, the Securities and Exchange Commission (SEC) has pulled the plug on Staff Accounting Bulletin No. 121 (SAB 121), a rule that had tied crypto companies in regulatory knots since 2022.

The Strategic Bitcoin Reserve is good, but SEC repealing SAB 121 will have a much larger impact on the industry. See why ...

In the rapidly evolving world of Bitcoin adoption, few regulatory shifts carry the magnitude of SAB 121’s recent rescission. According to prominent Bitcoin advocate and investor Preston Pysh ...

What we are seeing now is renewed interest in digital assets from banks across the board — from credit unions and community ...

Regulatory shifts, including dropped SEC lawsuits and the repeal of SAB 121, are paving the way for greater crypto adoption by traditional financial institutions, says ABC Labs CEO Thomas Mattimore.

Ripple lawsuit nears resolution, XRP may gain commodity status, SEC plans regulatory reforms, and BlackRock eyes XRP ETFs for ...

In the fast-paced landscape of bitcoin adoption, few regulatory changes hold as much significance as the recent repeal of SAB 121. Esteemed Bitcoin supporter and investor Preston Pysh posits that ...