The post SEC Accused of ‘Breaking the Law’: Congress and GAO Challenge SEC’s Controversial Crypto Accounting Rule appeared first on Coinpedia Fintech News The Government Accountability Office (GAO) declared on Tuesday that the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin No. 121 (SAB 121) must be reviewed by Congress before taking effect. The directive from the federal watchdog sets the stage for a high-stakes showdown between regulators, lawmakers, and the burgeoning crypto sector. Issued in March 2022, …
