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 ...

In a dramatic twist, President Biden vetoed the repeal of the controversial SAB 121, and now it’s back on Capitol Hill with lawmakers pushing for a veto-proof majority. This SEC rule, seen as ...

Issued on March 31, 2022, SAB 121 required public companies holding crypto on behalf of their customers to record customer-held crypto assets on their balance sheets as both an asset and a corresp ...

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. Kelly Kellam ...

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 ...

That same day, the Securities and Exchange Commission ("SEC") staff rescinded Staff Accounting Bulletin ("SAB") 121, accounting guidance related to crypto assets that SEC staff had issued in 2022.

The time is now for banks and capital markets firms with digital assets. Stablecoins and tokenized deposits are on a ...

The Securities and Exchange Commission dropped an informal memecoin policy on the crypto industry, saying investors generally ...

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 ...