Birdwatch Note Rating
2025-01-24 04:22:46 UTC - NOT_HELPFUL
Rated by Participant: 119E88591701F7787198845D25C1399FC09F353BF24C25C49729CF4470C9928A
Participant Details
Original Note:
SAB121 meant that banks holding any crypto assets had to report them as liabilities. Rescinding SAB121 means that banks can list crypto assets as assets on their balance sheets. This applies to any crypto and is not specific to Bitcoin. https://www.sec.gov/regulation/staff-interpretations/accounting-bulletins/old/staff-accounting-bulletin-121
All Note Details