Has the Era of Bull-Inspired Bitcoin Banking Already Begun?
Not more than three days after Securities and Exchange Commission Chair Gary Gensler resigned from his post, one of his signature policies was nuked from existence. Issued on January 23, 2025, Staff Accounting Bulletin 122 rescinds SAB 121, originally issued by Gensler in March 2022. The previous bulletin provided guidance for financial entities and custodians holding any…