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US Senator Warren supports SEC's controversial cryptoasset accounting standard SAB 121
On May 18, U.S. Senator Elizabeth Warren described support for SEC Employee Accounting Bulletin (SAB) 121 at a recent Senate hearing. Warren said the standard applies to companies dealing with cryptocurrency and is designed to provide accounting guidance. She argued that SAB 121 "simply clarifies" how companies should consider crypto-related risks and include them in their policies.
2024-05-18 07:39:12
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