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The biotech sector just got a massive jolt of excitement, and SAB Biotherapeutics (NASDAQ: SABS) is leading the charge! As of this writing, SAB BIO shares are absolutely rocketing in pre-market trading, surging over 54% after the company announced an oversubscribed $175 million private placement that has Wall Street talking. When you see a stock … Read more
The Securities and Exchange Commission (SEC) has repealed a controversial rule requiring financial firms holding cryptocurrency for customers to report those assets as liabilities on their balance sheets. In a bulletin issued on Jan. 23, the SEC announced that Staff Accounting Bulletin (SAB) 122 officially rescinds SAB 121, a policy introduced in March 2022 that … Read more
Key Takeaways The SEC has replaced SAB 121, offering a principles-based approach for crypto custody accounting. Under SAB 122, banks are allowed to use established accounting principles to assess and record potential risks associated with holding customer crypto. Share this article The US SEC has issued Staff Accounting Bulletin No. 122 (SAB 122), rescinding specific … Read more
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