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 SEC cancels controversial crypto accounting rules Cointelegraph 1 week ago

SEC cancels controversial crypto accounting rules 📉

The SEC has published a new Staff Accounting Bulletin that revokes SAB 121. These rules, criticized by the industry, governed how financial firms were supposed to hold cryptocurrencies. The recent change reflects the ongoing dialogue and adaptation within the evolving landscape of crypto regulation.

Source: cointelegraph.com ↗