The Trump Administration Cancels SAB 121, Opening a New Era of Electronic Currency Regulation in the United States

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At the crucial moment for the cryptocurrency industry, the US Securities and Exchange Commission (SEC) announced on January 23, 2025 that they had withdrawn Staff Accounting Bulletin No. 121 SAB 121, and replaced it with a more practical Staff Accounting Bulletin No. 122 SAB 122. This development marks a significant shift in US policy, opening the door for wider adoption of cryptocurrencies and promoting a more adaptable regulatory environment. SAB 121's Legacy: A Barrier to Progress

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