SEC Commissioner Advocates for Withdrawal of SAB 121 — Says Biden’s Veto Was Unfortunate

Publikováno: 5.6.2024

#Regulation #Administrative Procedure Act #Bitcoin #Crypto #crypto assets #crypto custodial services #Cryptocurrency #Digital Assets #Mark Uyeda #president joe biden #SAB 121 #SEC #veto

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SEC Commissioner Advocates for Withdrawal of SAB 121 — Says Biden's Veto Was 'Unfortunate'

U.S. Securities and Exchange Commission (SEC) Commissioner Mark Uyeda advocates for the withdrawal of Staff Accounting Bulletin 121 (SAB 121), which sets guidelines for accounting crypto liabilities. He argues that the method of its issuance undermines the foundational checks and balances designed to prevent excessive administrative control. Despite bipartisan support for a resolution to repeal […]