SEC Loosens SAB 121 Rules, Paving the Way for Banks to Enter Crypto Custody Market

The U.S. Securities and Exchange Commission (SEC) has provided new guidance that could allow banks to offer crypto asset custody services without adhering to strict accounting requirements under Staff Accounting Bulletin No. 121 (SAB 121). SEC Chief Accountant Paul Munter announced the new guidelines in a speech on September 9, paving the way for banks The post SEC Loosens SAB 121 Rules, Paving the Way for Banks to Enter Crypto Custody Market appeared first on Coin Edition .