flow flow on Nostr: The U.S. Securities and Exchange Commission (SEC) has formally rescinded Staff ...
The U.S. Securities and Exchange Commission (SEC) has formally rescinded Staff Accounting Bulletin 121 (SAB 121), marking a pivotal shift in regulatory treatment of Bitcoin and other cryptocurrencies. This decision reclassifies Bitcoin as a digital asset rather than a liability for financial institutions, eliminating burdensome accounting requirements and unlocking new opportunities for banks to engage with crypto custodial services.
Published at
2025-01-24 07:14:16Event JSON
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"content": "The U.S. Securities and Exchange Commission (SEC) has formally rescinded Staff Accounting Bulletin 121 (SAB 121), marking a pivotal shift in regulatory treatment of Bitcoin and other cryptocurrencies. This decision reclassifies Bitcoin as a digital asset rather than a liability for financial institutions, eliminating burdensome accounting requirements and unlocking new opportunities for banks to engage with crypto custodial services.\n\n\nhttps://m.primal.net/Nxaz.jpg",
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