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FDIC Vice Chairman Takes Aim at Controversial SAB 121, Pushes for Regulatory Clarity
12.3.2024
Federal Deposit Insurance Corporation (FDIC) Vice Chairman Travis Hill criticized the United States Securities and Exchange Commission's (SEC) controversial SAB 121 while saying that the FDIC’s regulatory approach has “significant downsides" amidst larger discussions around the regulation...
House Financial Services Committee Votes In Favor of Resolution to Overturn SEC’s SAB 121
1.3.2024
The House Financial Services Committee voted on Thursday to proceed with a resolution that would “reverse” the United States Securities and Exchange Commission’s (SEC) controversial digital asset accounting bulletin, SAB 121, which critics claim has "serious ramifications" for the banking...
U.S. Banks Push SEC For Key Changes In Crypto Regulation Following Spot-Bitcoin ETF Exclusion
16.2.2024
U.S. Banks are pushing for the United States Securities and Exchange Commission (SEC) to change its controversial Staff Accounting Bulletin 121 (SAB 121) after they were excluded from serving as asset custodians for spot-Bitcoin exchange-traded funds (ETFs), according to a February 14th letter from...
U.S. Congress Members Push Back Against SEC’s Controversial Accounting Bulletin SAB 121
2.2.2024
U.S. Congress Members introduced bipartisan legislation on Thursday in hopes of overturning the Securities and Exchange Commission’s (SEC) controversial Staff Accounting Bulletin 121 (SAB 121). Senator Cynthia Lummis (R-WY), Representative Wiley Nickel (D-NC), and Mike Flood (R-NE) have joined...
US Congress Kicks Against SEC’s SAB 121 Rules in Latest Memo
16.11.2023
Source: AdobeStock The US Securities and Exchange Commission’s (SEC) latest release of its Staff Accounting Bulletin (SAB) 121 is receiving major backlash from legislators. Making their opinions heard in a memo dated November 15, several members of the US Congress wrote to the Chairman of...
US Congress members urge financial authorities to invalidate SEC’s SAB 121
16.11.2023
In a memo, Congress members state that Federal banking agencies should not require financial institutions providing custody services for digital assets to maintain capital against the assets
Crypto Regulation News Weekly Digest: SafeMoon Executive Charges and FinCEN’s Mixing Service Proposal
7.11.2023
Last week saw major regulatory actions against crypto mixing services and alleged fraud along with pushback from lawmakers. Image by Andrii, Adobe Stock. The cryptocurrency industry increasingly finds itself under the purview of regulators striving to balance innovation with consumer protection...
GAO Criticizes SEC’s Handling of Crypto Accounting Bulletin, Calls for Clearer Rule
1.11.2023
The Government Accountability Office (GAO) has determined that the Securities and Exchange Commission (SEC) erred in its handling of “Staff Accounting Bulletin 121” (SAB 121) by failing to submit it to Congress as is required for official rules. In a report titled “Securities...
U.S. lawmakers argue SEC accounting policy places crypto customers at risk
3.3.2023
While the bulletin was intended to provide clarity regarding the accounting treatment for digital assets, it has been criticized by both lawmakers and regulators
Among Us Servers Have Been Down For Over 48 Hours Due To DDoS Attack
27.3.2022
Popular online indie sneak-and-stab simulator Among Us is currently facing an ongoing DDoS (distributed denial of service) attack. According to Among Us developers Innersloth, the game has been offline in both North America and Europe for over two days due to the attack. Read more
Z Brna na Mars. Povídání se zakladatelem vesmírné technologické firmy S.A.B. Aerospace
2.7.2021
Speciální držák družic, který po splnění mise shoří v atmosféře, biologický výzkum na mezinárodní vesmírné stanici nebo pátrání po vzdálených exoplanetách. To nejsou nové vize Elona Muska, ale projekty kolem brněnské firmy S.A.B. Aerospace
Z Brna na Mars: Rozhovor se šéfem vesmírné technologické firmy S.A.B. Aerospace Petrem Kapounem
13.1.2021
Speciální držák družic, který po splnění mise shoří v atmosféře, biologický výzkum na mezinárodní vesmírné stanici nebo pátrání po vzdálených exoplanetách. To nejsou nové vize Elona Muska, ale projekty kolem brněnské firmy S.A.B. Aerospace