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2023-11-17 06:20:26

Bipartisan Opposition to SEC’s Crypto Rule SAB 121

The post Bipartisan Opposition to SEC’s Crypto Rule SAB 121 appeared first on Coinpedia Fintech News In a significant display of bipartisan agreement, US Congress members are challenging the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin 121 (SAB 121). This bulletin requires banks to list customers’ cryptocurrency assets on their balance sheets, stirring controversy over its legality. The charge against SAB 121 is led by Senators Cynthia Lummis and Kirsten …

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