Congress Introduces Joint Resolution to Revoke SEC’s SAB 121 that Blocks Banks from Providing Custody of Digital Assets
In an X, Congressman Mike Flood revealed a Joint Resolution to revoke the authority of the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin 121. This SAB was enacted in 2022 and impacted the digital asset industry. The SAB addressed the “accounting for obligations to… Read More
Read more in: Blockchain & Digital Assets, Politics, Legal & Regulation | Tagged hester peirce, mike flood, patrick mchenry, sab 121, sec