The SEC has rescinded SAB 121, removing barriers for banks to custody Bitcoin and crypto, signaling a major shift in crypto regulation.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

The U.S. Securities and Exchange Commission published a new Staff Accounting Bulletin Thursday withdrawing its controversial SAB 121. SAB 121 directed banks and other public companies that they ...

SEC Commissioner Hester Peirce, who was recently named the head of a new crypto task force, has long opposed the guidance, saying after its adoption in 2022 that the guidance did not account for ...

On January 21, 2025, the Securities and Exchange Commission (SEC) under Acting Chairman Mark T. Uyeda launched an agencywide “Crypto Task Force” dedicated to developing a comprehensive and ...

US Securities and Exchange Commission staff repealed accounting guidance the crypto industry has said squashed its ability to work with banks. “The staff reminds entities that they should ...

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 ...

The crypto industry has long targeted the agency’s accounting bulletin even though SEC staff in some circumstances has allowed banks to bypass the reporting requirements. “Bye, bye SAB 121!” ...

SAB 121 removed the ability for US banks to custody crypto. “I am THRILLED to see it repealed and get the SEC back on track to fulfilling its intended mission,” Lummis wrote in part of a ...

As I made clear in my previous order, I will not entertain any theory of liability wherin the SEC asks this court to treat the crypto assets themselves as though they are securities. I am ...

On the SEC side, Commissioner Hester Pierce, known as “Crypto Mom,” will head the Crypto Task Force that will work to develop a “sensible regulatory path that respects the bound of the law.” ...

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