SEC reportedly accepts SAB 121 exceptions to crypto accounting rules for banks and brokerages

[ad_1] The US Securities and Exchange Commission (SEC) has reportedly accepted a proposal with exceptions for certain institutions affected by the controversial Staff Accounting Bulletin No. 121 (SAB 121), according to Bloomberg... Read more »

SEC Commissioner Advocates for Withdrawal of SAB 121 — Says Biden’s Veto Was Unfortunate

[ad_1] U.S. Securities and Exchange Commission (SEC) Commissioner Mark Uyeda advocates for the withdrawal of Staff Accounting Bulletin 121 (SAB 121), which sets guidelines for accounting crypto liabilities. He argues that the... Read more »

Biden vetoes resolution to overturn of SEC’s controversial SAB 121

[ad_1] US President Joe Biden vetoed H.J. Res. 109, which aimed to overturn the of the SEC’s controversial SAB 121 rule, on May 31. Biden wrote that SAB 121 represents the “considered... Read more »