SEC Eases Crypto Reporting Requirements: How Banks and Brokerages Can Benefit

The SEC has opened a path for banks and brokerages to avoid reporting their customers’ crypto holdings on their balance sheets, provided they mitigate associated risks. This change responds to industry pressures and unsuccessful challenges to the SEC’s two-year-old guidance in Congress as per a Bloomberg report.  SEC’s change of heart is evident due to … source: https://coinpedia.org/news/sec-eases-crypto-reporting-requirements-how-banks-and-brokerages-can-benefit/