The SEC rescinded its cryptocurrency accounting guidance, Staff Accounting Bulletin (SAB) 121, on Jan. 23, 2025. Issued in March 2022, SAB 121 required crypto custodians to record digital assets held
Continue Reading SEC Rescinds SAB 121
Virtual Currencies, Digital Assets & the Law
Kyle Jaep is a member of the Corporate Practice in Greenberg Traurig’s Los Angeles office. Kyle focuses his practice on capital markets, securities reporting, venture capital financing, and general corporate governance matters. He is a member of the firm’s interdisciplinary Blockchain & Digital Assets Group.
The SEC rescinded its cryptocurrency accounting guidance, Staff Accounting Bulletin (SAB) 121, on Jan. 23, 2025. Issued in March 2022, SAB 121 required crypto custodians to record digital assets held…
Continue Reading SEC Rescinds SAB 121U.S. Sen. Cynthia Lummis (R-WY) and Reps. Wiley Nickel (D-NC) and Mike Flood (R-NE) are working to overturn a controversial Securities and Exchange Commission (SEC) staff accounting bulletin, SAB 121…
Continue Reading Lawmakers Introduce Resolution to Nullify SEC’s Crypto Accounting BulletinOn Feb. 14, 2022, the Securities and Exchange Commission (SEC) charged crypto lending platform BlockFi Lending LLC (BlockFi) with (1) failing to register the offers and sales of its crypto…
Continue Reading SEC’s BlockFi Order Signals Further Scrutiny of DeFi