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.

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 ...

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

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

That same day, the Securities and Exchange Commission ("SEC") staff rescinded Staff Accounting Bulletin ("SAB") 121, accounting guidance related to crypto assets that SEC staff had issued in 2022.

SEC Repeals SAB 121 Policy That Restricted Banks From Providing Custody Services For Bitcoin: Crypto Mom Says 'Bye, Bye' ...

Today, SAB 122 rescinded the guidance of SAB 121 – the bulletin that “expressed the views of the staff regarding the accounting for obligations to safeguard crypto-assets an entity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

This first-of-its-kind integration enables businesses to adopt Bitcoin and stablecoins with full compliance, aligning with the SAB 121 repeal and stablecoin expansion on Lightning.

WASHINGTON — The Securities and Exchange Commission has rescinded Staff Accounting Bulletin 121, the guidance from the agency that undercut banks' ability to hold crypto in custody for clients. The ...

Its not been fun.The SEC published SAB 121 in March 2022, which asked financial firms holding crypto on behalf of customers to report the assets as a liability on their balance sheet.