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The U.S. Government Accountability Office (GAO) has stated that the Securities and Exchange Commission (SEC) needs approval from lawmakers before implementing a controversial bulletin. The GAO found that the SEC's Staff Accounting Bulletin 121, which contains guidance for firms with crypto assets on their balance sheets, is subject to congressional oversight. This decision increases the chances that the SEC's crypto custody rule could be nullified. In addition, a bipartisan group of lawmakers has asked the SEC to narrow the scope of a proposed rule targeting conflicts of interest in U.S. securitization markets. The SEC is on track to propose and finalize 63 new rules under Chair Gary Gensler, with only 8 having a specific Congressional mandate.
Today, the @SECGov finalized rules to bring greater transparency, accountability, and integrity to the security-based swaps market while also more closely harmonizing their rules with the @CFTC. https://t.co/5ugxDgkLQf
Democratic lawmaker criticizes SEC's handling of controversial crypto accounting bulletin https://t.co/LeJDImpSID
The Equity Market Structure Panel at the #SIFMAMarketStructureConf discussed the cumulative effects of the @SECGov's proposed rules. They stressed that Rule 605 must be updated first so baseline data can be used for accurate market analysis before considering other proposals. https://t.co/dbIekIKA7r
Trade groups representing hedge funds and private equity firms have asked a federal appeals court to gut the new fee disclosure rules imposed by the SEC https://t.co/7kX96OSU5n
The US Securities and Exchange Commission released rules for security-based swaps trading platforms on Thursday, more than a decade after Congress asked the agency to do so. https://t.co/rs98k6fP7C
The Fifth Circuit Court's recent rebuke adds to mounting legal challenges questioning the SEC’s regulatory decisions https://t.co/6kmJj8Oeb8
As tough as the @USGAO finding was on the @SECGov's crypto accounting policy known as SAB 121, it may not budge the regulator's view. @jesseahamilton take a look https://t.co/SFpB0kZZJD
The US Securities and Exchange Commission released rules for security-based swaps trading platforms on Thursday, more than a decade after Congress asked the agency to do so. https://t.co/j14o1mdHoq
The @SECGov is on track to propose and finalize 63 new rules under Chair @GaryGensler. Of those proposed, only 8 have a specific Congressional mandate and at least 4 apply directly to equity market structure. More from the #SIFMAMarketStructureConf: https://t.co/HdX8EXytct https://t.co/AsuiwZOBkM
A bipartisan group of lawmakers, led by @RepWileyNickel and @RepBryanSteil, asked the @SECGov to narrow the scope of a proposed rule attempting to crack down on conflicts of interest in U.S. securitization markets. More from @PunchbowlNews: https://t.co/0sXN6xohe7
US court tells SEC to fix 'defective' share buyback rule https://t.co/kqAMGg1FMi https://t.co/UVoV54pitc
"Options trading remains at high levels," says SIFMA COO Joe Seidel at Day 1 of the #SIFMAMarketStructureConf. "We're concerned about the volume and speed of @SECGov proposed changes for equity market structure. It's unclear what impact it might have on options." Watch for more📽️ https://t.co/4vZKoY9plj
The Government Accountability Office decided Tuesday that the SEC should submit its crypto custody rule to Congress, which would increase the chances it could be nullified, reports @Joanna_Focus. https://t.co/nuBzaTf7y9 https://t.co/nuBzaTf7y9
The U.S. Government Accountability Office took issue with the SEC’s Staff Accounting Bulletin 121 which contained controversial guidance for firms with crypto assets on their balance sheet. https://t.co/FWypwLbwZo
ICYMI: Congressional watchdog says SEC needs lawmaker approval before moving forward with controversial bulletin https://t.co/4xur6ri26i
📣 Latest News: GAO finds controversial SEC guidance is subject to congressional oversight #news #cryptonews #crypto #regulations
The SEC’s crypto policies suffer another blow. https://t.co/9kvwV6WxV4
Congressional watchdog says SEC needs lawmaker approval before moving forward with controversial bulletin https://t.co/D2ENag4JHV