WASHINGTON, Jan. 30 -- Securities And Exchange Commission has issued a rule called: Staff Accounting Bulletin No. 122.
The rule was published in the Federal Register on Jan. 30 by Vanessa A. Countryman, Secretary.
Summary: This staff accounting bulletin ("SAB") rescinds the interpretive guidance included in Section FF of Topic 5 in the Staff Accounting Bulletin Series entitled Accounting for Obligations to Safeguard Crypto-Assets an Entity Holds for its Platform Users("Topic 5.FF").
For more information, contact Office of the Chief Accountant, at 202/551-5300; or Division of Corporation Finance, at 202/551-3400, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549.
The full text of the rule can be found at: http://w...