US lawmaker Wiley Nickel has urged the Gary Gensler-led Securities and Exchange Commission (SEC) to repeal the Staff Accounting Bulletin 121 (SAB 121) before the impending Senate vote. SAB 121 requires financial institutions custodying crypto to hold these assets on their balance sheets. Several stakeholders have spoken against the regulation, arguing that it hampers the […]
The post US lawmaker calls on SEC to repeal crypto custody rule ahead of Senate vote appeared first on CryptoSlate.
Originally appeared here:
US lawmaker calls on SEC to repeal crypto custody rule ahead of Senate vote