
“The SEC issued SAB 121 without conferring with prudential regulators despite the accounting standard’s effects on financial institutions’ treatment of custodial assets, and the SEC issued SAB 121 without going through the notice-and-comment process,” said Rep. Flood, in a statement. “In the face of overreach by a regulator, it is the role of Congress to serve as a check.”
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://www.coindesk.com/policy/2024/02/01/us-lawmakers-seek-to-overturn-secs-crypto-accounting-policy/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
- :is
- 121
- a
- Accounting
- and
- AS
- Assets
- by
- check
- Coindesk
- Congress
- crypto
- crypto accounting
- custodial
- Despite
- effects
- Ether (ETH)
- Face
- financial
- flood
- going
- HTTPS
- images
- in
- Issued
- IT
- jpg
- lawmakers
- of
- on
- overreach
- plato
- Plato Data Intelligence
- PlatoData
- policy
- process
- Prudential
- regulator
- Regulators
- Role
- s
- sab
- Said
- SEC
- Seek
- serve
- Statement
- The
- Through
- to
- treatment
- u.s.
- with
- without
- zephyrnet