SAB 121 rescinded: What it means for crypto custody and regulation in 2025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 to regulate cryptocurrency custody. It required financial institutions to list any crypto assets they held on behalf of customers as liabilities on their balance sheets.
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
SAB 121 rescinded: A clear path to crypto custody and regulation in 2025, finally
SEC rescinds controversial SAB 121, replacing it with crypto-friendly SAB 122 to ease burdens on banks and crypto firms.
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The SEC has rescinded SAB 121, removing barriers for banks to custody Bitcoin and crypto, signaling a major shift in crypto regulation.
SAB 122: Implications For Bank Crypto Custody Innovation
On 23 January 2025, the Securities and Exchange Commission (SEC) repealed the infamous Staff Accounting Bulletin (SAB) 121 with the publication of
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 rule that had tied crypto companies
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The U.S. Securities and Exchange Commission has repealed Staff Accounting Bulletin ("SAB") No. 121, which required banks and other publicly-traded companies to account for customers' crypto assets on their balance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,
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Preston Pysh Explains Why SAB 121 Beats a Strategic Bitcoin Reserve
Preston Pysh explains how the rescission of SAB 121 could permanently entrench Bitcoin into the financial system, surpassing ...
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 ...
SEC Rescinds Contentious SAB 121 That Discouraged Banks From Providing Bitcoin Custody Services
Chair Gary Gensler, has repealed SAB 121, a contentious bulletin that was deemed burdensome for banks and other traditional ...
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Bitcoin and SAB 121 – Will Trump’s first day go the distance for crypto?
The crypto-market could be in for an early win on the regulatory front. President-elect Donald Trump reportedly plans to ...
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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 ...
US SEC withdraws SAB 121
SAB 121 mandated that crypto custody providers and exchanges recognise customer holdings as both assets and liabilities.
Is the scrapping of SAB 121 a poisoned chalice for Bitcoin?
The US Securities and Exchange Commission rescinded Staff Accounting Bullet 121 (SAB 121), which had asked financial firms ...
Pro-Crypto Policies Surge As Banks Lag—Here’s How They Can Catch Up
Explore how pro-crypto policies are evolving, why banks are playing catch-up, and key strategies to get ahead in the digital ...