Fresh SEC crypto accounting guidance could open the door for US banks to serve the $3.5 trillion digital asset market and unlock the balance sheets of a small group of companies.
But the latest requirements from the Securities and Exchange Commission won’t end the calls for clearer regulations for the digital asset industry.
The Securities and Exchange Commission under Republican leadership late Thursday rescinded two-year-old staff guidance that added billions in liabilities to corporate balance sheets and was seen as a tool that blocked the US banking industry from serving crypto holders and other players in the market.
US listed ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.