SAB 121

SEC Scraps SAB 121 Rule, Easing Crypto Custody Accounting For Banks

The US SEC has issued Staff Accounting Bulletin No. 122 (SAB 122), rescinding specific accounting guidance for custodial crypto assets previously addressed…

1 year ago

BNY Mellon Becomes First U.S. Bank to Receive Exemption From SEC’s SAB 121 Rule

In a groundbreaking development for institutional Bitcoin custody, BNY Mellon, the largest custodian bank in the U.S., was revealed as…

1 year ago

Joe Biden Vetoes Bill Overturning SEC’s Crypto Accounting Rule SAB 121

The U.S. President, Joe Biden has vetoed a law that aimed to overturn the controversial Staff Accounting Bulletin (SAB) 121…

2 years ago