Reversal of SAB 121 allows banks to offer Bitcoin-backed loans, making it easier for holders to access capital without selling their assets, says BitLab Director Kelly Kellam.

What was SAB 121? The Staff Accounting Bulletin (SAB) 121 rule was introduced by the SEC in March 2022 as part of its efforts ...

President Trump signed an executive order titled Strengthening American Leadership in Digital Financial Technology (Crypto ...

The US Securities and Exchange Commission (SEC) has officially withdrawn Staff Accounting Bulletin No. 121 (SAB 121), a ...

Preston Pysh explains how the rescission of SAB 121 could permanently entrench Bitcoin into the financial system, surpassing ...

Today, the Securities and Exchange Commission (SEC) has pulled the plug on Staff Accounting Bulletin No. 121 (SAB 121), a ...

The U.S. Securities and Exchange Commission has repealed Staff Accounting Bulletin ("SAB") No. 121, which required banks and ...

SEC revises crypto custody accounting policy with SAB 122, offering banks flexibility in reporting liabilities for ...

The SEC has rescinded SAB 121, removing barriers for banks to custody Bitcoin and crypto, signaling a major shift in crypto ...

Any level above $150,000 for Bitcoin would be "speculative fever," US SEC cancels SAB 121 rule, and more: Hodler's Digest ...

A new Staff Accounting Bulletin on Jan. 23 said it “rescinds the interpretive guidance” of SAB 121, an agency rule published ...

SEC rescinds controversial SAB 121, replacing it with crypto-friendly SAB 122 to ease burdens on banks and crypto firms.