Crypto News
SEC Withdraws Controversial Crypto Tax Accounting Bulletin
The U.S. Securities and Exchange Commission published a new Staff Accounting Bulletin Thursday withdrawing its controversial SAB 121.SAB 121 directed banks and other public companies that they had to mark any customers' crypto assets on their own balance sheets. SAB 122 "rescinds the interpretive guidance" and instead directs firms to use Financial Accounting Standards Board rules or International Accounting Standard provisions.Source link
SEC Rescinds Controversial Crypto Accounting Rule, Signals Regulatory Shift
Under the revised framework, companies can now assess crypto-safeguarding obligations under broader U.S. GAAP and IFRS standards.Source link
The Protocol: Ethereum Foundation Fracas
Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. I'm Ben Schiller, CoinDesk’s Opinion and Features editor.In this issue:DAO governance tool mergerEthereum Foundation dramaStablecoin USDh comes to Bitcoin$25 million grant program for DePINNetwork NewsDAO GOVERNANCE PLATFORM ACQUIRES RIVAL: Agora, a blockchain governance startup, is set to acquire its competitor Boardroom. The company framed the acquisition as a strategic move to enhance governance within the broader Ethereum ecosystem, citing expectations of renewed growth in decentralized governance due to President Trump's promise of regulatory clarity for the blockchain industry. "2025 is the year we make good governance the standard for all protocols in Ethereum," Agora co-founder Yitong Zhang told CoinDesk. Agora was founded in 2022...
ChatGPT Gets a Personal Assistant Upgrade—If You’re Willing to Pay $200 a Month
OpenAI's latest tool turns its chatbot into a virtual assistant that can book flights, order pizza, and handle mundane tasks.Source link
Ledger Co-Founder Kidnapped and Released After Intense Rescue Mission
David Balland was found alive on Wednesday evening after a harrowing two-day manhunt conducted by France’s elite police tactical unit Groupe d’intervention de la Gendarmerie nationale (GIGN). David Balland Rescued After Two-Day Manhunt Ledger co-founder David Balland was rescued late Wednesday evening after being kidnapped on Tuesday in the small French town of Vierzon bySource link