SEC Repeals SAB 121, Opening the Floodgates for Banks to Enter the Crypto Market
The SEC has repealed SAB 121, ending a saga involving a congressional bill and a presidential veto. This opens new
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SAB
SEC scraps SAB 121 rule, easing crypto custody accounting for banks
Key Takeaways The SEC has replaced SAB 121, offering a principles-based approach for crypto custody accounting. Under SAB 122, banks
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