Firms With Custody Services Must Add Crypto Assets as Liabilities: US SEC

SEC publishes a notice saying that companies holding crypto must add the asset class as a liability on balance sheets. The rule will come into effect later this year. The U.S. SEC is currently reviewing the crypto market and will impose more regulation. The United States Securities and Exchange Commission (SEC) has published a notice saying that firms in the country that provide custody services should account for crypto assets as a liability. Published on March 31, the notice states […]