After years of lobbying by the crypto industry, the U.S. Securities and Exchange Commission has rescinded an accounting rule that forced banks to treat bitcoin and other tokens as a liability on their balance sheets.

Jim Biden’s activities have been investigated in recent years in two federal criminal probes, as POLITICO has reported.

The U.K. daily Financial Times (FT) reported on the 25th (local time) that the SEC has revoked the cryptocurrency custody accounting guideline 'SAB 121' on the 23rd. This guideline is characterized by requiring financial institutions to reflect cryptocurrencies held for customers as liabilities on the balance sheet.

President Donald Trump begins his presidential term. He touts plans to make America “the world’s crypto capital,” but his predecessor Joe Biden’s stance on crypto was more ambivalent.

In addition, the Securities and Exchange Commission just sued Elon Musk, accusing him of not notifying that agency or shareholders of his purchases of Twitter shares in early 2022. They claim that, by hiding his accumulation of stock, Musk was able to buy the company on the cheap.

The SEC announced this week the formation of a crypto task force led by Republican Commissioner Hester Peirce. In a post on social media platform X on Thursday, Peirce hailed the decision: “Bye bye, SAB 121! It’s not been fun!”

(Reuters) - Newly sworn-in President Donald Trump has tapped Mark Uyeda, a Republican member of the U.S. Securities and Exchange Commission, to be acting chair of the agency, the White House said Monday.

The U.S. Securities and Exchange Commission’s new leadership said on Tuesday it had created a task force to develop a regulatory framework for crypto assets, in the first major move by President Donald Trump’s new administration to overhaul crypto policy.

Donald Trump will be the first president to fully embrace digital currencies — and he’s already anointed his crypto princes

US President Donald Trump’s co-campaign manager for the 2024 election will be joining cryptocurrency exchange Coinbase’s advisory council to address digital asset regulation. In a Jan. 29 notice, Coinbase said former Trump co-campaign manager Chris LaCivita would join former US Senator Kyrsten Sinema,

The U.S. Securities and Exchange Commission (SEC) has removed a hurdle that had kept U.S. banks from adopting Bitcoin (BTC) and other cryptocurrencies. The Wall Street regulator has eliminated an accounting rule that forced banks to treat Bitcoin

KuCoin pleaded guilty to operating unlicensed in the US, agreeing to pay nearly $300m in fines and exit the market for at least two years.