Blockchair's logo

Search

Recent searches

Top explorers

SEC Revokes SAB 121 Policy Allowing Banks to Custody Crypto Beincrypto 2 weeks ago

SEC Revokes SAB 121 Policy Allowing Banks to Custody Crypto 🇺🇸

SEC Michael Saylor Hester Peirce US Bitcoin

The SEC announced the revocation of SAB 121 through Staff Accounting Bulletin No. 122, which previously discouraged banks from holding Bitcoin in custody. This change permits financial institutions to offer crypto services without major regulatory barriers.

Previously, SAB 121 required companies holding crypto-assets for customers to recognize these holdings on their balance sheets as liabilities. Now, banks can account for these assets differently, considering potential risks like theft or fraud as contingent liabilities.

The crypto community welcomes this shift, as it enables banks to offer Bitcoin custody services more feasibly. Significant growth in the US crypto industry is expected following this regulatory shift.

Alongside this, a crypto task force led by SEC commissioner Hester Peirce has been established, further signifying a pro-crypto stance in the US regulatory framework.

Source: beincrypto.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SAB 121 rescinded: What it means for crypto custody and regulation in 2025 Cointelegraph 2 weeks ago
SAB 121 rescinded: What it means for crypto custody and regulation in 2025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 Ends the Controversial Crypto Custody Rule SAB 121 TheNewsCrypto 2 weeks ago
SEC Ends the Controversial Crypto Custody Rule SAB 121
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
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 1 week 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

Trending topics

Digest

Daily Weekly
Kentucky and Maryland Are the Latest States to Consider Bitcoin Reserve Bills Decrypt 21 hours ago
Kentucky and Maryland Are the Latest States to Consider Bitcoin Reserve Bills
Tornado Cash developer Alexey Pertsev leaves prison custody Cointelegraph 23 hours ago
Tornado Cash developer Alexey Pertsev leaves prison custody
Bitcoin Volatility Persists, But Retail Sentiment Is On The Rise, A Rebound Imminent? Bitcoinist 20 hours ago
Bitcoin Volatility Persists, But Retail Sentiment Is On The Rise, A Rebound Imminent?
XRP Depository Receipts Set to Launch for Institutional Investors TheNewsCrypto 12 hours ago
XRP Depository Receipts Set to Launch for Institutional Investors
Solana Struggles: Price Down Almost 15% in a Week – Is It Time to Buy? Cryptonews 7 hours ago
Solana Struggles: Price Down Almost 15% in a Week – Is It Time to Buy? Explore daily digest
US China tariffs cost Bitcoin $100K mark as analyst eyes all-time high Cointelegraph 4 days ago
US China tariffs cost Bitcoin $100K mark as analyst eyes all-time high
Solana’s SOL Could Hit $520 by 2025-End, VanEck Says Coindesk 1 day ago
Solana’s SOL Could Hit $520 by 2025-End, VanEck Says
Bitcoin enjoys 'plenty' of demand at $98K as analyst eyes RSI breakout Cointelegraph 2 days ago
Bitcoin enjoys 'plenty' of demand at $98K as analyst eyes RSI breakout
Will DOGE Overcome Selling Pressure and Rally? TheNewsCrypto 11 hours ago
Will DOGE Overcome Selling Pressure and Rally?
Bitcoin Tumbles 8% to $93K With Billions Liquidated as Asia Awakens to Trump's Trade War Coindesk 5 days ago
Bitcoin Tumbles 8% to $93K With Billions Liquidated as Asia Awakens to Trump's Trade War Explore weekly digest