U.S. Congressman Flood Questions SEC Chair Gensler on SAB 121
September 27, 2023
September 27, 2023
WASHINGTON, Sept. 27 -- Rep. Mike Flood, R-Nebraska, issued the following news release:
WASHINGTON, D.C. - Today, U.S. Congressman Mike Flood questioned the Security and Exchange Commission (SEC) Chair Gary Gensler. Congressman Flood's line of questioning focused on an SEC staff bulletin, known as SAB 121, that effects the ability of banks to custody digital assets.
"...the SEC's justification for issuing the bulletin is based on accounting guidelines that did not . . .
WASHINGTON, D.C. - Today, U.S. Congressman Mike Flood questioned the Security and Exchange Commission (SEC) Chair Gary Gensler. Congressman Flood's line of questioning focused on an SEC staff bulletin, known as SAB 121, that effects the ability of banks to custody digital assets.
"...the SEC's justification for issuing the bulletin is based on accounting guidelines that did not . . .