THE US SECURITIES AND EXCHANGE COMMISSION (SEC) IS RESHAPING THE CRYPTOCURRENCY MARKET WITH A NEW RULING!

THE US SECURITIES AND EXCHANGE COMMISSION (SEC) IS RESHAPING THE CRYPTOCURRENCY MARKET WITH A NEW RULING!
THE US SECURITIES AND EXCHANGE COMMISSION (SEC) IS RESHAPING THE CRYPTOCURRENCY MARKET WITH A NEW RULING!

Old Rule (SAB 121):

Banks and companies had to show cryptocurrency holdings in their financial report to customers.

New Rule (SAB 122):

Companies can now follow regular financial accounting rules or international standards (IFRS) for reporting cryptocurrency.

Impact:

The SEC is changing how cryptocurrencies are reported in financial statements.

Companies have more flexibility in how they report crypto assets.