JUST IN: U.S. SEC rescinds Staff Accounting Bulletin 121
The controversial SAB 121 guidance imposed strict accounting requirements on firms seeking to custody digital assets on behalf of customers, requiring them to list 'digital assets' as liabilities. This potentially paves the way for U.S. financial institutions to custody bitcoin and other cryptocurrencies.
Source: https://www.sec.gov/rules-regulations/staff-guidance/staff-accounting-bulletins/staff-accounting-bulletin-122
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2025-01-23 23:08:24
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npub1hxjnw53mhghumt590kgd3fmqme8jzwwflyxesmm50nnapmqdzu7swqagw3Published at
2025-01-23 23:08:24Event JSON
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