The U.S. Securities and Exchange Commission (SEC) has reportedly exempted certain banks from mandatory disclosure requirements under Staff Accounting Bulletin No. 121 (SAB 121), a controversial crypto banking regulation. SAB 121 requires publicly traded banks, such as JP Morgan Chase, Bank of New York Mellon, and Citi, to disclose their crypto custody services. Critics, including The post SEC’s Secret Bank Exemptions for Crypto Custody: Favoritism or Risk Management? appeared first on Coin Edition .
