Citi and State Street Plan Crypto Custody Services Amid SAB 121 Repeal
Citi and State Street, leading financial institutions with assets of $4 trillion and $6 trillion respectively, are moving…
Preston Pysh Explains Why SAB 121 Beats a Strategic Bitcoin Reserve
In the rapidly evolving world of Bitcoin adoption, few regulatory shifts carry the magnitude of SAB 121’s recent…
SEC Rescinds SAB 121, Permitting Banks to Custody Bitcoin
In a landmark decision, the U.S. Securities and Exchange Commission (SEC) has officially rescinded Staff Accounting Bulletin (SAB)…
SEC Rescinds SAB 121, Permitting Banks to Custody Bitcoin – Block News Media DAO LLC
MicroStrategy said Friday that it’s taking measures to manage $1.05 billion in corporate debt that appears to be…
SEC Revokes SAB 121 | Banks Can Now Custody Bitcoin
The U.S. Securities and Exchange Commission (SEC) has rescinded Staff Accounting Bulletin No. 121 (SAB 121) a rule…
US SEC Introduces SAB 122, Does It Mean Banks Will Provide Bitcoin Services?
The American securities regulatory body SEC withdrew SAB 121 & introduced SAB 122, confirming Bitcoin adoption is allowed…
SEC scraps SAB 121, making crypto custody easier
The Securities and Exchange Commission (SEC) has repealed a controversial rule requiring financial firms holding cryptocurrency for customers…
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…
Dismantling SAB 121 Could Enable Crypto Custody Services and Staking Product Offerings
One of the most significant factors for the crypto industry lies not in market dynamics, but in the…