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SEC cancels controversial crypto accounting rule SAB 121

The US Securities and Exchange Commission has revoked a rule that discouraged financial firms from holding crypto, by requiring them to record digital assets as liabilities on their balance sheets.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

SEC cancels controversial crypto accounting rule SAB 121

The US Securities and Exchange Commission has revoked a rule that discouraged financial firms from holding crypto, by requiring them to record digital assets as liabilities on their balance sheets.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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Read on Cointelegraph

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