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  • Quote

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banks are highly critical of SAB 121 because it would make its balance sheets look weak depending on cryptocurrency market conditions

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Quote

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Gensler Defends SEC Staff Accounting Bulletin on Crypto After GAO Report Deems it a Rule

Referenced by

Revoked SAB 121 had particular negative implications for banks as it could make their balance sheet week therefore preventing them to custody crypto products

Crypto news

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