On Wednesday, Federal Reserve Chair Jerome Powell testified before the U.S. House Financial Services Committee, where Congressman Josh Gottheimer (D-NJ) questioned him about the SEC’s Staff Accounting Bulletin (SAB) 121. This bulletin mandates that banks include digital assets held in custody on their balance sheets, significantly raising the cost of providing digital asset custody services. […]News Bytes, Crypto, crypto-custody, Cryptocurrency, custody assets, Fed Chair Jerome Powell, News Bytes – 2, SAB 121, SECRead More

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