<ul><li>US Republican lawmakers urge SEC to rescind accounting rule for digital assets.</li><li>Letter issued by Congressional coalition, including House Financial Services Chair Patrick McHenry and Senator Cynthia Lummis.</li><li>Criticism mounts against SEC's Staff Accounting Bulletin 121 (SAB 121) for deviating from accounting standards and creating confusion.</li><li>SEC's recent grant of exemption to BNY Mellon could signal a shift in approach towards traditional banks in the crypto space.</li></ul>

Congressional Call For Bitcoin Custody By Banks: Senators’ Letter To SEC’s Gensler Exposed

Discover more