<ul><li>BNY Mellon becomes the first bank with the SEC exemption from crypto accounting rules.</li><li>The SEC's variance for BNY Mellon could open doors for more banks in crypto.</li><li>BNY Mellon granted a variance from SEC's SAB 121 accounting requirements to provide institutional crypto custody services.</li><li>This exemption may increase institutional participation in the crypto business and stimulate greater acceptance by large financial institutions.</li></ul>

BREAKING: Billion-Dollar Bank BNY Set to Custody Bitcoin (BTC) as the First Bank in U.S. History

Discover more