SEC Loophole in SAB 121 Amid Veto Override Failure

The US Securities and Exchange Commission (SEC) allowed a loophole in Staff Accounting Bulletin 121 (SAB 121). This path favoring banks comes as legislators failed to overturn President Joe Biden’s veto of a controversial bid. Originally, proposed rules under SAB 121 legislation require crypto-holding entities reporting to the SEC to include those holdings on their balance... source: https://beincrypto.com/sec-sab-121-loophole-amid-veto-override-failure/