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SAB 121

BNY Mellon Engages With Banking Regulators to Offer Crypto Custody Services ‘at Scale’

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BNY Mellon, one of the world’s largest custodian banks, is seeking to offer custody services for bitcoin and ether to exchange-traded product (ETP) clients. The bank is also eyeing large-scale growth in the crypto space, with plans to seek more regulatory approvals to capitalize on the lucrative crypto custody market. BNY Mellon Pushes Forward With…

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SEC’s Hester Peirce questions Commission’s stubborn stance on SAB 121

cryptosheadlines04 mins

US Securities and Exchange Commission (SEC) Commissioner Hester Peirce has raised ongoing concerns about the SEC’s Staff Accounting Bulletin No. 121 (SAB 121). Peirce’s comments came after a Sept. 9 speech by SEC Chief Accountant Paul Munter, who affirmed that the Commission’s stance on SAB 121 remains unchanged. SEC’s unchanged position Munter emphasized that the…

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