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SEC revokes unpopular banking rule that blocked Wall Street banks from adopting crypto
The U.S. Securities and Exchange Commission has rescinded an accounting rule that forced banks to treat bitcoin and other tokens as a liability on their balance sheets. The guidance was a major deterrent to Wall Street banks owning bitcoin.
New SEC Rule Opens Door for Banks to Offer Crypto Services
U.S. SEC has revised its controversial SAB 121, a move that is expected to facilitate crypto adoption by traditional banking institutions.
Wall Street regulator revokes accounting guidance on crypto assets
The U.S. Securities and Exchange Commission (SEC) rescinded on Thursday accounting guidance long opposed by the cryptocurrency industry, an early move in President Donald Trump's pivot away from the policies of the prior administration and a win for the crypto sector.
SEC paves way for Wall Street banks to hold crypto
The Securities and Exchange Commission reversed a controversial accounting rule Thursday, which had helped deter banks from participating in crypto services. Why it matters: The move to rescind the guidance,
Rule blocking banks' custody of crypto is withdrawn
Bankers applauded the news, which means that it's possible for crypto-custody efforts at depository institutions to scale.
2h
SEC Revokes Biden-Era Crypto Accounting Guidance
Critics of the guidance said it effectively prevented banks from holding digital assets in custody and evaded normal ...
Crypto Briefing
1h
Grayscale and CoinShares target new crypto ETFs including Litecoin, Solana, and XRP
Grayscale and CoinShares file for Litecoin, Solana, and XRP ETFs as the SEC under Trump establishes a pro-crypto regulatory ...
The Daily Hodl
40m
Despite End-of-Year Uptick, Gary Gensler’s SEC Cut Down Crypto Sanctions by 30% in 2024: Report
A new report from the financial insights firm Cornerstone Research claims that Gary Gensler slowed down crypto enforcement ...
2d
Fresh Off Launching a Memecoin, Trump Tells SEC to Create Crypto Regulations
The SEC’s statement regarding the commission doesn’t really provide much insight into what it will seek to do, other than ...
3d
The SEC launches a crypto task force on Trump's 2nd day in office
The SEC rolled out a new crypto task force on Tuesday, aimed at helping "draw clear regulatory lines" in the space, the ...
2d
on MSN
SEC launches crypto task force to create regulatory clarity
The SEC announced an initiative Tuesday to create a regulatory framework for digital assets with a new internal task force ...
1d
SEC Staff Repeals Crypto-Accounting Guidance Reviled by Industry
US Securities and Exchange Commission staff repealed accounting guidance the crypto industry has said squashed its ability to ...
8h
on MSN
Bitcoin Price Climbs on Inauguration Day Followed by High-Profile Pardons, SEC Reforms & Dangerous Crypto Kidnapping
Bitcoin soars to $108,899 on inauguration day, followed by Ross Ulbricht’s pardon, new SEC crypto regulations, legislative ...
InvestmentNews
12h
SEC staff axes guidance much criticized by crypto industry
US Securities and Exchange Commission staff repealed accounting guidance the crypto industry has said squashed its ability to ...
3d
SEC Launches Crypto Task Force Led By ‘Crypto Mom’ Hester Peirce
The US Securities and Exchange Commission will launch a cryptocurrency-focused task force to come up with ways to regulate ...
The National Law Review
3h
SEC Withdraws Crypto Accounting Bulletin
With little fanfare, on January 23, 2025, the US Securities and Exchange Commission (SEC) withdrew controversial Staff ...
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