SEC Repeals Crypto Rule, Boosting Custodial Services

January 24, 2025

Catenaa, Friday, January 24, 2025 – The US Securities and Exchange Commission (SEC) on Thursday repealed a controversial cryptocurrency accounting directive, clearing the way for banking institutions to provide custodial services for digital assets.  Hester Peirce, an SEC commissioner and prominent cryptocurrency advocate, announced the cancellation of Staff Accounting Bulletin No. 121, commonly referred to […]