SEC, SAB 121

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The US Securities and Exchange Commission (SEC) has officially withdrawn Staff Accounting Bulletin No. 121 (SAB 121), a crypto accounting rule introduced in 2022, just days after SEC Chair Gary Gensler stepped down.
SEC Withdraws SAB 121 Crypto Accounting Rule, Issues New Guidance
The SEC has replaced its strict crypto custody accounting rule SAB 121 with more flexible guidance under SAB 122, allowing banks to use standard accounting principles for digital assets and potentially expanding their ability to offer crypto custody services.
SEC scraps SAB 121 rule, easing crypto custody accounting for banks
SEC revises crypto custody accounting policy with SAB 122, offering banks flexibility in reporting liabilities for safeguarding assets.
SEC Rescinds SAB 121 Rule, Easing Crypto Custody Accounting for Banks
US SEC rescinds SAB 121, allowing banks more flexibility in crypto custody, with industry support and bipartisan praise
SAB 121 rescinded: A clear path to crypto custody and regulation in 2025, finally
On January 23, the US Securities and Exchange Commission (SEC) announced that it had withdrawn its controversial accounting guidance, Staff Accounting Bulletin 121 (SAB 121).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,
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The U.S. Securities and Exchange Commission has repealed Staff Accounting Bulletin ("SAB") No. 121, which required banks and other publicly-traded companies to account for customers' crypto assets on their balance sheets,
SAB 121 rescinded: What it means for crypto custody and regulation in 2025
What was SAB 121? The Staff Accounting Bulletin (SAB) 121 rule was introduced by the SEC in March 2022 as part of its efforts ...
Bitcoin Magazine3d
SEC Rescinds SAB 121, Permitting Banks to Custody Bitcoin
The SEC has rescinded SAB 121, removing barriers for banks to custody Bitcoin and crypto, signaling a major shift in crypto ...
Cryptopolitan on MSN3d
SEC officially rescinds anti-crypto SAB 121
Today, the Securities and Exchange Commission (SEC) has pulled the plug on Staff Accounting Bulletin No. 121 (SAB 121), a ...
BTC above $150K is ‘speculative fever,’ SAB 121 canceled, and more: Hodlers Digest, Jan. 19 – 25
Any level above $150,000 for Bitcoin would be "speculative fever," US SEC cancels SAB 121 rule, and more: Hodler's Digest ...
International Business Times3d
SEC Rescinds Contentious SAB 121 That Discouraged Banks From Providing Bitcoin Custody Services
SAB 121 Finally Dumped In a new staff accounting bulletin published Thursday, the SEC rescinded "the interpretive guidance included in Section FF of Topic 5 in the Staff Accounting ...
cryptonews3d
SEC Commissioner Hester Peirce Says Goodbye to Controversial Crypto Accounting Guidance SAB 121
Vanessa A. Countryman, Secretary of the SEC, confirmed that SAB 122 has officially replaced SAB 121 in the regulatory ...
cryptonewsz3d
SEC Repeals SAB 121
The U.S. SEC has officially repealed SAB 121, which previously restricted banks from offering crypto custodial services.
Why Tokenized Assets Are Key Beneficiaries of Recent SEC Changes
While headlines focused on banks holding Bitcoin, the real game-changer is how this clears the path for tokenizing real world ...