No Bullshit Bitcoin on Nostr: US SEC Withdraws Controversial Accounting Guidance SAB 121 Days After Gary Gensler ...
US SEC Withdraws Controversial Accounting Guidance SAB 121 Days After Gary Gensler Leaves
The SEC issued Staff Accounting Bulletin (SAB) 122, which revokes the contentious SAB 121, and permits financial institutions that hold bitcoin and other digital assets for their customers to decide if the held digital assets should be reported as a liability.
https://www.nobsbitcoin.com/us-sec-withdraws-controversial-accounting-guidance-sab-121-days-after-gary-gensler-leaves/
The SEC issued Staff Accounting Bulletin (SAB) 122, which revokes the contentious SAB 121, and permits financial institutions that hold bitcoin and other digital assets for their customers to decide if the held digital assets should be reported as a liability.
https://www.nobsbitcoin.com/us-sec-withdraws-controversial-accounting-guidance-sab-121-days-after-gary-gensler-leaves/