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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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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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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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