GAO Criticizes SEC’s Handling of Crypto Accounting Bulletin, Calls for Clearer Rule

The Government Accountability Office (GAO) has determined that the Securities and Exchange Commission (SEC) erred in its handling of “Staff Accounting Bulletin 121” (SAB 121) by failing to submit it to Congress as is required for official rules. In a report titled “Securities and Exchange Commission—Applicability of the Congressional Review Act to Staff Accounting Bulletin The post GAO Criticizes SEC’s Handling of Crypto Accounting Bulletin, Calls for Clearer Rule appeared first on Cryptonews .