US Lawmakers Urge SEC to Repeal SAB 121 Amid Cryptocurrency Custody Concerns

US Lawmakers Urge SEC to Repeal SAB 121 Amid Cryptocurrency Custody Concerns U.S. lawmakers are urging the Securities and Exchange Commission (SEC) to repeal Staff Accounting Bulletin No. 121 (SAB 121), a regulation that mandates cryptocurrency custody accounting guidelines for financial companies. The call for repeal was led by U.S. House Financial Services Committee Chairman