SAB 121 Rescinded: a Clear Path to Crypto Custody and Regulation in 2025, Finally

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On January 23, the US Securities and Exchange Commission (SEC) announced that it had withdrawn its controversial accounting guidance, Staff Accounting Bulletin 121 (SAB 121). The move has been lauded by several industry leaders and pro-crypto politicians, who criticized the Biden administration’s “stringent” regulatory approach to digital currencies.

The SEC detailed the change in a notice published on its official website, introducing Staff Accounting Bulletin No. 122 to replace the prior guid

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GateUser-723bd10avip
· 2025-01-25 17:05
The bull is coming.
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