Birdwatch Note Rating
2025-01-24 08:57:09 UTC - NOT_HELPFUL
Rated by Participant: 7EDC48DA52487676D789283728AE07D5D7D22B28F83FAAAE6A5D4205AFD4495E
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