Recently, certain banks and broker-dealers received exceptions from the U.S. Securities and Exchange Commission (SEC) to custody crypto assets. This revelation comes despite the standing guidelines of Staff Accounting Bulletin (SAB) 121. Hence, netizens were questioning the actions of the agency and now there is an answer to this ‘bias.’ Why SEC Relaxed SAB 121 The post SEC Insider Reveals Reason Why Agency Eased SAB 121 For Select Entities appeared first on CoinGape .
