Will the SAB 121 Vote Mark the Dawn of a New Crypto Era?
What's the News?The USA’s House of Representatives is set to vote on President Joe Biden’s veto of Staff Accounting Bulletin (SAB) 121. This rule would require SEC-reporting entities to record cryptocurrency holdings on their balance sheets. Initially, the bill was passed with bipartisan support in both the Houses, SAB 121 faced opposition over concerns it would prevent American banks...