[Golden Finance Express] According to internal sources, some companies and financial institutions have submitted business requests to the US SEC, hoping to gain more freedom under cryptocurrency accounting guidance. Since the release of SAB 121 in March 2022, many cryptocurrency industries have sought guidance from the SEC to develop new cryptocurrency policies and procedures due to bankruptcy. Sources revealed that although SAB 121 itself has not changed, companies have demonstrated that some of their procedures and technologies allow customers to handle their cryptocurrencies like other assets (such as US dollars) in bankruptcy, thereby avoiding the constraints of SAB 121. This progress is a big boon for the cryptocurrency market, indicating that the market may be expected to gain more room for development in regulation.