SAB 121

The Securities and Exchange Commission on Thursday repealed a cryptocurrency accounting directive that prevented banking institutions from providing custodial services for digital assets. What happened: SEC commissioner Hester Peirce, who leads the recently formed cryptocurrency task force,...

At the Benzinga Future of Digital Assets conference, experts discussed the far-reaching impact of recent and potential regulatory changes on digital asset markets. The conversation centered on how these developments could accelerate institutional adoption, with key insights into the repeal of SAB...

As digital assets continue to gain traction, the U.S. Congress could be on the verge of passing legislation that would reshape the landscape of crypto investments. Ahead of his appearance at the upcoming Benzinga Future of Digital Assets event, Anthony Rousseau, vice president and head of brokerage...

Republican lawmakers from both the Senate and House have called on the Securities and Exchange Commission (SEC) to retract a controversial accounting rule for cryptocurrency assets. What Happened: The rule, known as SAB 121, has become a point of contention in the ongoing regulatory debate around...

Crypto industry experts are calling for bipartisan support in the regulation of digital assets, emphasizing the need to work across party lines to establish sound crypto policies, as the U.S. Senate voted 60-38 on Thursday to overturn the contentious Securities and Exchange Commission (SEC) policy...

A coalition of leading banking and financial institutions has formally petitioned the U.S. Securities and Exchange Commission (SEC), under the leadership of Chair Gary Gensler, seeking amendments to a regulatory guideline known as "SAB 121." This guideline, established in March 2022, has...

Swiss banking giant Credit Suisse Group AG (NYSE: CS) held around $31 million worth of “digital assets” for clients in the last quarter. What Happened: A recent filing with the U.S. Securities and Exchange Commission (SEC) revealed that Credit Suisse held $31...