Many in the sector said it would limit the market’s growth and make it more difficult for institutions to provide crypto custody services. For instance, the Government Accountability Office (GAO ...

The SEC has rescinded SAB 121, removing barriers for banks to custody Bitcoin and crypto, signaling a major shift in crypto regulation. In a landmark decision, the U.S. Securities and Exchange ...

WASHINGTON — The Securities and Exchange Commission has rescinded Staff Accounting Bulletin 121, the guidance from the agency that undercut banks' ability to hold crypto in custody for clients. The ...

The Securities and Exchange Commission has rescinded a piece of guidance that had made it more difficult for banks to provide custody services ... to safeguard crypto-assets held for others ...

With the removal of SAB 121, major banks are now expected to move swiftly to integrate bitcoin and crypto custody services into their offerings. This is a significant milestone in the ...

The Securities and Exchange Commission on Thursday repealed a cryptocurrency accounting directive that prevented banking ...

This flowed from SAB 121’s imposition of asset-specific accounting requirements, including: Booking Liabilities: SAB 121 required an entity operating a crypto-asset platform that is ...

With Hester Peirce, affectionately known as "Crypto Mom," now heading up the SEC's newly established Crypto Task Force, the tides are turning in favor of clarity and progress. As Commissioner Peirce ...

The executive order created a working group on digital asset markets tasked with finding ways to promote US leadership in the crypto industry ... for US banks to custody digital assets ...

and swelled the balance sheets of companies including Coinbase Global Inc. and Robinhood Markets Inc. The guidance also had the effect of limiting banks from offering crypto custody services to ...