What was SAB 121? 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 ...

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 ...

Massachusetts Senator Elizabeth Warren, long dubbed “anti-crypto” by industry executives, has gained a common cause with the ...

On 23 January 2025, the Securities and Exchange Commission (SEC) repealed the infamous Staff Accounting Bulletin (SAB) 121 ...

The rapid evolution of artificial intelligence, shifting intellectual property laws and changing financial regulations are ...

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 ...

President Trump’s second administration painted a new landscape for digital assets and cryptocurrency in the United States ...

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

Kelly Kellam, Director at BitLab Academy, said the reversal of SAB 121 will make it easier for banks to lend against Bitcoin, just like they do with real estate. “If we get the SAB 121 change ...

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 ...