Banks Allegedly Back SEC Move to Invalidate Crypto Accounting Guidance
CryptoNewsTerminal Staff22 May, 2024
Banks Allegedly Back SEC Move to Invalidate Crypto Accounting Guidance
Banks are also backing the move to invalidate accounting guidance, known as SAB 121, on crypto custody by financial firms, said Matthew Sigel, head of digital asset research at VanEck, via a tweet.
"A handful of firms with significant financial clout are making a difference on the ETH approval front. They have gotten the SEC to change course," he added.
