The U.S. Securities and Exchange Commission (SEC) has officially withdrawn Staff Accounting Bulletin No. 121 (SAB 121).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.
Fonte: thenewscrypto.com ↗