SEC repeals crypto accounting rule

SEC Staff Repeals Crypto-Accounting Guidance Reviled by Industry
US Securities and Exchange Commission staff repealed accounting guidance the crypto industry has said squashed its ability to work with banks.
SEC Revokes Biden-Era Crypto Accounting Guidance
Critics of the guidance said it effectively prevented banks from holding digital assets in custody and evaded normal commission rulemaking. Congress passed a measure repealing the guidance in May but former President Joe Biden vetoed it.
SEC repeals SAB 121 accounting rule for crypto financial reporting
The U.S. Securities and Exchange Commission has repealed Staff Accounting Bulletin ("SAB") No. 121, which required banks and other publicly-traded companies to account for customers' crypto assets on their balance sheets,
Wall Street regulator revokes accounting guidance on crypto assets
The U.S. Securities and Exchange Commission (SEC) rescinded on Thursday accounting guidance long opposed by the cryptocurrency industry, an early move in President Donald Trump's pivot away from the policies of the prior administration and a win for the crypto sector.
SEC paves way for Wall Street banks to hold crypto
The Securities and Exchange Commission reversed a controversial accounting rule Thursday, which had helped deter banks from participating in crypto services. Why it matters: The move to rescind the guidance,
SEC revokes unpopular banking rule that blocked Wall Street banks from adopting crypto
The U.S. Securities and Exchange Commission has rescinded an accounting rule that forced banks to treat bitcoin and other tokens as a liability on their balance sheets. The guidance was a major deterrent to Wall Street banks owning bitcoin.
SEC Removes Roadblock for Banks to Hold Crypto. Why It Won’t Lead to Major Change.
The notice from SEC staff wasn’t legally binding, but companies tend to take such guidance as writ rather than suggestion.
US SEC unveils task force to start work on crypto regulations
The U.S. Securities and Exchange Commission's new leadership said on Tuesday it had created a task force to develop a ...
Bitcoin Price Climbs on Inauguration Day Followed by High-Profile Pardons, SEC Reforms & Dangerous Crypto Kidnapping
Bitcoin soars to $108,899 on inauguration day, followed by Ross Ulbricht’s pardon, new SEC crypto regulations, legislative ...
SEC’s Crypto Task Force Clearest Sign Yet of Pivot From Gensler Era
This week, on the first full day of the new administration, the SEC under acting Chairman Mark Uyeda announced the formation ...
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New SEC Rule Opens Door for Banks to Offer Crypto Services
U.S. SEC has revised its controversial SAB 121, a move that is expected to facilitate crypto adoption by traditional banking ...
Why the SEC's new Crypto Task Force with 'Crypto Mom' Hester Peirce is such a big deal
With Hester Peirce, affectionately known as "Crypto Mom," now heading up the SEC's newly established Crypto Task Force, the tides are turning in favor of clarity and progress. As Commissioner Peirce ...
Fresh Off Launching a Memecoin, Trump Tells SEC to Create Crypto Regulations
The SEC’s statement regarding the commission doesn’t really provide much insight into what it will seek to do, other than ...
SEC launches crypto task force to create regulatory clarity
The SEC announced an initiative Tuesday to create a regulatory framework for digital assets with a new internal task force ...
Why Tokenized Assets Are Key Beneficiaries of Recent SEC Changes
While headlines focused on banks holding Bitcoin, the real game-changer is how this clears the path for tokenizing real world ...