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SEC revokes unpopular banking rule that blocked Wall Street banks from adopting crypto
The U.S. Securities and Exchange Commission has rescinded an accounting rule that forced banks to treat bitcoin and other tokens as a liability on their balance sheets. The guidance was a major deterrent to Wall Street banks owning bitcoin.
New SEC Rule Opens Door for Banks to Offer Crypto Services
U.S. SEC has revised its controversial SAB 121, a move that is expected to facilitate crypto adoption by traditional banking institutions.
Wall Street regulator revokes accounting guidance on crypto assets
The U.S. Securities and Exchange Commission (SEC) rescinded on Thursday accounting guidance long opposed by the cryptocurrency industry, an early move in President Donald Trump's pivot away from the policies of the prior administration and a win for the crypto sector.
SEC paves way for Wall Street banks to hold crypto
The Securities and Exchange Commission reversed a controversial accounting rule Thursday, which had helped deter banks from participating in crypto services. Why it matters: The move to rescind the guidance,
Rule blocking banks' custody of crypto is withdrawn
Bankers applauded the news, which means that it's possible for crypto-custody efforts at depository institutions to scale.
3h
on MSN
SEC Removes Roadblock for Banks to Hold Crypto. Why It Won’t Lead to Major Change.
The notice from SEC staff wasn’t legally binding, but companies tend to take such guidance as writ rather than suggestion.
The Daily Hodl
9m
Despite End-of-Year Uptick, Gary Gensler’s SEC Cut Down Crypto Sanctions by 30% in 2024: Report
A new report from the financial insights firm Cornerstone Research claims that Gary Gensler slowed down crypto enforcement ...
Crypto Briefing
42m
Grayscale and CoinShares target new crypto ETFs including Litecoin, Solana, and XRP
Grayscale and CoinShares file for Litecoin, Solana, and XRP ETFs as the SEC under Trump establishes a pro-crypto regulatory ...
3d
The SEC launches a crypto task force on Trump's 2nd day in office
The SEC rolled out a new crypto task force on Tuesday, aimed at helping "draw clear regulatory lines" in the space, the ...
8h
on MSN
Bitcoin Price Climbs on Inauguration Day Followed by High-Profile Pardons, SEC Reforms & Dangerous Crypto Kidnapping
Bitcoin soars to $108,899 on inauguration day, followed by Ross Ulbricht’s pardon, new SEC crypto regulations, legislative ...
23h
SEC Staff Repeals Crypto-Accounting Guidance Reviled by Industry
US Securities and Exchange Commission staff repealed accounting guidance the crypto industry has said squashed its ability to ...
2d
Fresh Off Launching a Memecoin, Trump Tells SEC to Create Crypto Regulations
The SEC’s statement regarding the commission doesn’t really provide much insight into what it will seek to do, other than ...
InvestmentNews
12h
SEC staff axes guidance much criticized by crypto industry
US Securities and Exchange Commission staff repealed accounting guidance the crypto industry has said squashed its ability to ...
3d
US SEC unveils task force to start work on crypto regulations
The U.S. Securities and Exchange Commission's new leadership said on Tuesday it had created a task force to develop a ...
JD Supra
3h
Third Circuit Chides SEC for Terse Refusal To Engage in Crypto Rulemaking
On Jan. 13, 2025, a unanimous panel of the U.S. Court of Appeals for the Third Circuit held that the Securities and Exchange Commission (SEC or ...
Pensions&Investments
6h
SEC rescinds tougher crypto-custody guidance
However, the new administration is seen as more cryptocurrency-friendly. Soon after being named acting chair, Uyeda ...
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