The US Securities and Exchange Commission (SEC) has officially withdrawn Staff Accounting Bulletin No. 121 (SAB 121), a ...

The SEC has rescinded SAB 121, removing barriers for banks to custody Bitcoin and crypto, signaling a major shift in crypto regulation.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 ...

9, Paul Munter, chief accountant for the United States Securities and Exchange Commission, appeared to backpedal on the SEC’s Staff Accounting Bulletin-121 (SAB-121) measures limiting banks from ...

SAB 121 Finally Dumped In a new staff accounting bulletin published Thursday, the SEC rescinded "the interpretive guidance included in Section FF of Topic 5 in the Staff Accounting Bulletin Series ...

Despite being overturned by Congress, SAB 121 remained effective due to a veto by former President Joe Biden. The shift under acting SEC chair Mark Uyeda is seen as a nod to President Donald Trump ...

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

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 ...

“Bye, bye SAB 121!” SEC Commissioner Hester Peirce, the agency’s crypto task force lead, wrote in a Jan. 23 X post. “It’s not been fun.” The SEC published SAB 121 in March ...

"Bye, bye SAB 121! It’s not been fun," the commissioner also known as “Crypto Mom,” wrote. Why It Matters: The SAB 121 mandated that companies holding customers' cryptocurrencies must record ...