📰 The US Securities and Exchange Commission (SEC) has allowed companies that meet certain procedural and technical conditions to bypass the controversial cryptocurrency accounting guideline SAB 121. 😮👍 SAB 121 required companies that held cryptocurrencies to record customer cryptocurrencies as debits. 📉 This sparked widespread debate in the industry. However, some companies have proven that their procedures and techniques can enable customers to get their crypto back in the event of bankruptcy. This enabled them to gain exemption.