Blockchair's logo

SEC Ends the Controversial Crypto Custody Rule SAB 121 TheNewsCrypto 2 weeks ago

SEC Ends the Controversial Crypto Custody Rule SAB 121 🇺🇸

The U.S. Securities and Exchange Commission (SEC) has officially withdrawn Staff Accounting Bulletin No. 121 (SAB 121). This bulletin, introduced in 2022, mandated that financial institutions classify customer-held digital asset exposures as liabilities in their annual reports.

The elimination of this directive is believed to enhance the regulatory landscape for digital assets, potentially offering more flexibility to financial institutions.

Source: thenewscrypto.com ↗

Similar articles (17)

 SAB 121 rescinded: What it means for crypto custody and regulation in 2025 Cointelegraph 2 weeks ago
SAB 121 rescinded: What it means for crypto custody and regulation in 2025
SEC Lifts Controversial Rule, Enabling Banks to Safeguard Bitcoin and Cryptocurrencies Cointurk 2 weeks ago
SEC Lifts Controversial Rule, Enabling Banks to Safeguard Bitcoin and Cryptocurrencies
SEC Rescinds SAB 121, Permitting Banks to Custody Bitcoin Bitcoin Magazine 2 weeks ago
SEC Rescinds SAB 121, Permitting Banks to Custody Bitcoin
SEC’s Shift Opens New Doors for Cryptocurrency Services Cointurk 1 week ago
SEC’s Shift Opens New Doors for Cryptocurrency Services
SAB 122 Is A Bigger Bitcoin Price Catalyst Than The US BTC Reserve Newsbtc 2 weeks ago
SAB 122 Is A Bigger Bitcoin Price Catalyst Than The US BTC Reserve
SEC Revokes SAB 121 Policy Allowing Banks to Custody Crypto Beincrypto 2 weeks ago
SEC Revokes SAB 121 Policy Allowing Banks to Custody Crypto
Statement from the SEC Spokesperson Regarding the Removal of SAB121, a Positive Development for Cryptocurrencies – Things Have Really Changed After Trump Bitcoinsistemi 1 week ago
Statement from the SEC Spokesperson Regarding the Removal of SAB121, a Positive Development for Cryptocurrencies – Things Have Really Changed After Trump
BREAKING: SEC Rescinds SAB121 Rule, Which Was Having a Negative Impact on the Cryptocurrency World! Bitcoinsistemi 2 weeks ago
BREAKING: SEC Rescinds SAB121 Rule, Which Was Having a Negative Impact on the Cryptocurrency World!
SEC Rescinds SAB 121: What it Means For Crypto Industry and Bitcoin? Coinpedia 2 weeks ago
SEC Rescinds SAB 121: What it Means For Crypto Industry and Bitcoin?
SEC Repeals SAB 121, Opening the Floodgates for Banks to Enter the Crypto Market Bitcoin.com 2 weeks ago
SEC Repeals SAB 121, Opening the Floodgates for Banks to Enter the Crypto Market
SEC Allows Banks to Handle Cryptocurrencies Bitcoinhaber 2 weeks ago
SEC Allows Banks to Handle Cryptocurrencies
Will SAB 121 Abolition Allow Banks To Hold Bitcoin? Coingape 2 weeks ago
Will SAB 121 Abolition Allow Banks To Hold Bitcoin?
What is SAB 121, Is “The Biggest Obstacle to the Cryptocurrency World” Has Been Removed? Bloomberg Analyst Speaks Bitcoinsistemi 2 weeks ago
What is SAB 121, Is “The Biggest Obstacle to the Cryptocurrency World” Has Been Removed? Bloomberg Analyst Speaks
SAB 121 Rollback Rewrites Rules for U.S. Banks and Crypto Coin Edition 1 week ago
SAB 121 Rollback Rewrites Rules for U.S. Banks and Crypto
SEC Revokes SAB 121, Allowing Further Considerations for Crypto Holdings and Financial Reporting Coinotag 2 weeks ago
SEC Revokes SAB 121, Allowing Further Considerations for Crypto Holdings and Financial Reporting
U.S. SEC Revokes SAB 121: Impact on Cryptocurrency Custody for Major Coins Coinotag 2 weeks ago
U.S. SEC Revokes SAB 121: Impact on Cryptocurrency Custody for Major Coins
SEC Repeal of SAB 121 Sparks Debate on Bitcoin Custody and Satoshi’s Vision Among Community Members Coinotag 2 weeks ago
SEC Repeal of SAB 121 Sparks Debate on Bitcoin Custody and Satoshi’s Vision Among Community Members