2025-01-24
CNBC
16 related
The US SEC revokes SAB 121, a controversial accounting rule added in 2022 that forced banks to treat BTC and other tokens as a liability on their balance sheets
After years of lobbying by the crypto industry, the U.S. Securities and Exchange Commission has rescinded an accounting rule …
2024-09-16
Bloomberg
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BNY Mellon and other large custodial banks are interested in crypto custody but are hindered by US SEC rule SAB 121, which establishes accounting standards
Bloomberg :
2024-09-15
Bloomberg
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Some of the largest custodial banks are interested in crypto custody but are hindered by the SEC rule SAB 121, which establishes accounting standards
- Coinbase, BitGo have been among the dominant service providers — SEC rule seen making it impractical for banks to do custody
2024-06-02
The Block
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President Biden vetoes a bill overturning SAB 121, a controversial SEC bulletin that establishes accounting standards for companies that custody crypto
- U.S. President Joe Biden vetoed a bill to overturn a controversial Securities and Exchange Commission bulletin, SAB 121 …
2024-06-01
The Block
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President Biden vetoes a bill overturning SAB 121, a controversial SEC bulletin that establishes accounting standards for companies that custody crypto
- U.S. President Joe Biden vetoed a bill to overturn a controversial Securities and Exchange Commission bulletin, SAB 121 …
2023-11-30
Bloomberg
12 related
SoFi tells its crypto customers to liquidate their accounts or move holdings to Blockchain.com by December 19, as it exits crypto due to regulatory scrutiny
or possibly face a big tax bill Mark Matousek / The Information : SoFi Shutting Down Its Crypto Business Jack Kubinec / Blockworks : SoFi shutters crypto trading following Fed regulation X: Matt Walsh...
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