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 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 ...

On Jan. 24, the US Securities and Exchange Commission (SEC) revoked Staff Accounting Bulletin 121 (SAB 121) — a rule that forced banks to treat Bitcoin and other cryptocurrencies as liabilities ...

SAB 121 (Staff Accounting Bulletin 121), introduced during Gary Gensler’s tenure at the SEC, imposed significant restrictions on financial institutions looking to custody Bitcoin. Under its ...

From regulatory clarity on meme coins to a new SEC crypto task force, the Trump administration has set a positive outlook for ...

Regulatory shifts, including dropped SEC lawsuits and the repeal of SAB 121, are paving the way for greater crypto adoption ...

SEC Commissioner Hester Peirce announced the rescission of SAB 121, stating, “Bye, bye SAB 121! It’s not been fun.” The rescinding could boost BTC and broader crypto market demand.

There may also be reason to hope for such progress. As noted by Commissioner Peirce, the SEC recently rescinded “SAB 121,” which stands for Staff Accounting Bulletin No. 121. SAB 121 was ...

What Was SAB 121? Introduced during Gary Gensler's leadership at the SEC, SAB 121 (Staff Accounting Bulletin 121) imposed substantial limitations on banks interested in Bitcoin custody.