SEC Scraps Accounting Rule for Companies Holding Crypto
The SEC announced this week the formation of a crypto task force led by Republican Commissioner Hester Peirce. In a post on social media platform X on Thursday, Peirce hailed the decision: “Bye bye, ...
JD Supra9h
Updated SEC Staff Accounting Bulletin Rescinds SAB 121 Crypto Accounting Guidance
President Trump signed an executive order titled Strengthening American Leadership in Digital Financial Technology (Crypto ...
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 ...
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US Securities and Exchange Commission staff repealed accounting guidance the crypto industry has said squashed its ability to ...
Accounting Today5d
SEC withdraws accounting guidance on safeguarding crypto assets
The Securities and Exchange Commission has rescinded a Staff Accounting Bulletin on safeguarding cryptocurrency assets that ...
Hosted on MSN6h
SEC Staff Repeals Crypto-Accounting Rule
US Securities and Exchange Commission staff repealed accounting guidance the crypto industry has said squashed its ability to ...
CoinDesk4d
SEC Withdraws Controversial Crypto Financial Reporting Bulletin
The SEC published a new staff accounting bulletin rescinding SAB 121, which set certain rules for financial firms wanting to ...
SAB 121 axed: SEC repeals crypto accounting rule as Trump era dawns
The US Securities and Exchange Commission (SEC) has officially withdrawn Staff Accounting Bulletin No. 121 (SAB 121), a ...
The National Law Review4d
SEC Withdraws Crypto Accounting Bulletin
With little fanfare, on January 23, 2025, the US Securities and Exchange Commission (SEC) withdrew controversial Staff ...
InvestmentNews4d
SEC staff axes guidance much criticized by crypto industry
US Securities and Exchange Commission staff repealed accounting guidance the crypto industry has said squashed its ability to ...
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The U.S. Securities and Exchange Commission has repealed Staff Accounting Bulletin ("SAB") No. 121, which required banks and ...
decrypt5d
SEC Rescinds Controversial Crypto Accounting Rule, Signals Regulatory Shift
Under the revised framework, companies can now assess crypto-safeguarding obligations under broader U.S. GAAP and IFRS ...