US SEC Misusing SAB 121 To Attack Crypto Custody Providers, Says Congressman

The U.S. Securities and Exchange Commission (SEC) has been leveraging the controversial SAB 121 accounting rule thereby pushing banks to disclose their crypto custodial assets on balance sheets. US Congressman Ritchie Torres said that the US SEC has been violating the accounting principles by upholding the SAB 121 rule. Is the US SEC Misuing SAB The post US SEC Misusing SAB 121 To Attack Crypto Custody Providers, Says Congressman appeared first on CoinGape .