Damaging SEC Staff Bulletin that Undermined Digital Assets, SAB 121, Revoked
SEC Staff Accounting Bulletin (SAB) 121 is no more. Today, SAB 122 rescinded the guidance of SAB 121 – the bulletin that “expressed the views of the staff regarding the accounting for obligations to safeguard crypto-assets an entity holds for platform users.” Effectively, this made… Read More
Read more in: Blockchain & Digital Assets, Politics, Legal & Regulation | Tagged anand sithian, hester peirce, sab 121, sab 122, sec