accounting
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Regulation
SEC reportedly accepts SAB 121 exceptions to crypto accounting rules for banks and brokerages
The US Securities and Exchange Commission (SEC) has reportedly accepted a proposal with exceptions for certain institutions affected by the…
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Regulation
Coinbase could face regulatory challenges over alleged ‘tailored accounting metrics’ under new FASB rules
Coinbase could face regulatory challenges over its compliance with new FASB accounting rules that shift the accounting and disclosure for…
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Regulation
US lawmakers vote in favor of repealing controversial SEC accounting rules for crypto
The US Senate voted in favor of repealing the SEC’s Staff Bulletin 121 (SAB 121) on May 16. In all,…
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Blockchain
‘Big Four’ accounting firm EY to use Polygon PoS for business contracts
Ernst & Young revealed an enterprise contract management service that would let clients put contracts on a public blockchain while…
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Regulation
Senators demand detailed accounting of CFTC’s interactions with SBF
US Senators Elizabeth Warren and Charles Grassley have formally requested a detailed accounting of all interactions between Commodity Futures Trading…
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Regulation
New US Accounting Rules for Digital Asset Firms and Companies Holding Bitcoin and Crypto Assets Announced: Report
The Financial Accounting Standards Board (FASB), the organization that sets accounting standards in the US, is reportedly green-lighting new rules…
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Altcoins
FASB unveils new crypto accounting rules, details inside
contributor Posted: September 7, 2023 FASB’s new rules mandate fair-value accounting for cryptocurrencies, aligning them with the treatment of financial…
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Regulation
SEC commissioner Hester Peirce calls watchdog’s public accounting warning into question
The United States Securities and Exchange Commission’s (SEC) Commissioner Hester Peirce questioned why the regulator wants to discourage good-faith efforts…
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Regulation
SEC cautions accounting firms against accommodating non-compliant crypto clients
The U.S. Securities and Exchange Commission (SEC) issued a stern warning to accounting firms on July 27, outlining the potential…
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Regulation
US accounting watchdog warns investors about proof-of-reserves reports
The Public Company Accounting Oversight Board (PCAOB) — a watchdog that oversees audits of public companies in the United States…
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