Tag: SAB
Wall Street Asks Biden Not to Veto Congress’ Rejection of SEC’s SAB 121 Crypto Policy
"SAB 121 effectively precludes regulated banking organizations from offering digital asset custody at scale since it treats the assets as if they are [...]
Does the SAB 121 Vote Mean Anything for Future Crypto Legislation?
Unfortunately however, the legislative measure is now heading to the desk of President Joseph Biden, who has vowed to veto it in a show of solidarity [...]
U.S. Lawmakers Seek to Overturn SEC’s Crypto Accounting Policy ‘SAB 121’
"The SEC issued SAB 121 without conferring with prudential regulators despite the accounting standard’s effects on financial institutions’ treatment o [...]
Congress members urge financial authorities to invalidate SEC’s SAB 121
Congress members have submitted a memo urging key financial authorities, including the Chairman of the Board of the Federal Deposit Insurance Commissi [...]
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