The US Securities and Exchange Commission (SEC) has officially withdrawn Staff Accounting Bulletin No. 121 (SAB 121), a crypto accounting rule introduced in 2022, just days after SEC Chair Gary ...

On January 23, 2025, the Securities and Exchange Commission (SEC) issued Staff Accounting Bulletin 122 (SAB 122), rescinding the controversial ...

President Trump signed an executive order titled Strengthening American Leadership in Digital Financial Technology (Crypto ...

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Reversal of SAB 121 allows banks to offer Bitcoin-backed loans, making it easier for holders to access capital without ...

Preston Pysh explains how the rescission of SAB 121 could permanently entrench Bitcoin into the financial system, surpassing ...

SEC Commissioner Hester Peirce said Tuesday that the financial regulator was hard at work to assess cryptocurrencies to ...

The SEC had said that the bulletin adds guidance for entities “to consider when they have obligations to safeguard ...

with cloud sky background. SAB 121, introduced during former SEC Chair Gary Gensler's tenure, required financial institutions to account for customer-held crypto assets as liabilities on their ...

The SEC repeals SAB 121, easing the crypto industry and clearing the road for easier institutional cryptocurrency custody.

In the fast-paced landscape of Bitcoin adoption, few regulatory changes hold as much significance as the recent repeal of SAB ...