SAB 121

Highlights: Ethereum price rallies 6% to $3,404 as trading volume spikes. This recent rally follows after SEC’s (SAB) 121 was revoked. ETH price is poised for more upside if the $3,504 barrier is weakened.  The Ethereum price has spiked 6% […]

Highlights: SEC’s rescindment of SAB 121 offers banks greater flexibility in crypto asset management. Commissioner Peirce supports the change, calling SAB 121 restrictive and innovation-stifling. Lawmakers praise repeal, arguing it restores balance and encourages U.S. digital asset growth. On January […]

Highlights: Trump’s executive orders may address crypto issues like “de-banking” and SAB 121. The crypto industry opposes SAB 121, which mandates listing crypto holdings as liabilities. The crypto market rebounded strongly after the news, with Bitcoin rising to $96,800. On […]

Highlights: Over 40 Republicans urge the SEC to rescind SAB 121. They believe the rule stifles the cryptocurrency industry and harms consumers. The lawmakers’ appeal underscores growing concerns over the SEC’s regulatory practices. Forty-two United States Republicans have called on […]

Highlights: BNY Mellon has received an exemption from the SEC’s SAB 121 accounting guidelines. This exemption will enable BNY to include Bitcoin custody in its business operations. Michael Saylor said bank custody could boost Bitcoin’s market value. Bank of New […]

Highlights: President Biden vetoed a bill to overturn the SEC’s SAB 121, emphasizing consumer and investor protection. SAB 121 mandates financial institutions to record crypto assets as liabilities, facing opposition but defended by the SEC. Overturning the veto requires a […]