Loading...
Market
Will the SEC issue a warning or fine for non-compliance with SAB 121 by June 30, 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official SEC announcements, news reports
Story
SEC Reaffirms Stance on Crypto Custody Rule SAB 121 for Banks
Sep 10, 2024, 06:49 AM
The Securities and Exchange Commission (SEC) has reiterated its stance on cryptocurrency custody rules, specifically SAB 121. This rule restricts regulated financial institutions, including banks, from providing crypto custody services unless they meet specific exceptions, such as recording a liability for holding crypto assets. SEC Chief Accountant Paul Munter emphasized that the agency is not changing its position on this matter. The SEC also warned crypto investors to use only approved digital exchanges and platforms for trading.
View original story
Similar markets
Yes • 50%
No • 50%
SAB 121 is rescinded • 25%
SAB 121 is modified • 25%
SAB 121 remains unchanged • 25%
Other • 25%
Yes • 50%
No • 50%
SAB 121 is rescinded • 25%
SAB 121 is modified • 25%
No changes to SAB 121 • 25%
Other outcome • 25%
Yes • 50%
No • 50%
