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U.S. Lawmakers Seek to Overturn SEC's Crypto Accounting Policy

Sen. Lummis and members of the House are pushing to repeal the SEC's Staff Accounting Bulletin 121, an effort that makes it harder for companies to custody crypto.

Lawmakers want to get rid of a controversial accounting policy pushed by Chair Gary Gensler's Securities and Exchange Commission. (Jesse Hamilton/CoinDesk)
Lawmakers want to get rid of a controversial accounting policy pushed by Chair Gary Gensler's Securities and Exchange Commission. (Jesse Hamilton/CoinDesk)