The U.S. Securities and Exchange Commission (SEC) has revoked a 2022 accounting guidance that required companies holding digital assets for clients to account for them as liabilities. This move is seen as a positive development for the crypto industry, potentially reducing compliance costs and encouraging more financial institutions to offer crypto custody services. #BTC #ETH #DOGE #GT #Gate.io Reserves Surpass $10 Billion
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The U.S. Securities and Exchange Commission (SEC) has revoked a 2022 accounting guidance that required companies holding digital assets for clients to account for them as liabilities. This move is seen as a positive development for the crypto industry, potentially reducing compliance costs and encouraging more financial institutions to offer crypto custody services. #BTC #ETH #DOGE #GT #Gate.io Reserves Surpass $10 Billion