The Staff Accounting Bulletin (SAB) 121 rule was introduced by the SEC in March 2022 as part of its efforts to regulate cryptocurrency custody. It required financial institutions to list any crypto ...

Controversial Securities and Exchange Commission accounting guidance known as SAB 121 has been rescinded. SAB 121 has been viewed as a significant obstacle preventing banks from providing custody ...

Forbes contributors publish independent expert analyses and insights. Shaping the future of banking with bitcoin. (Full disclosure: I’m helping build Coinbits.app, a bitcoin banking platform.) In a ...

Preston Pysh explains how the rescission of SAB 121 could permanently entrench Bitcoin into the financial system, surpassing the importance of a Strategic Bitcoin Reserve. In the rapidly evolving ...