According to SEC sources, some companies and financial institutions have made some business requests, and the U.S. SEC staff agreed to these requests and will allow them to be exempt from controversial cryptocurrency accounting policies. Since the release of SAB 121 in March 2022, companies have been seeking advice from the SEC to develop new policies and procedures related to cryptocurrencies. Sources said that companies have now demonstrated that certain procedures and technologies they have set up allow customers to retrieve their cryptocurrencies in bankruptcy like any other asset (such as US dollars), and therefore are not subject to obligations under SAB 121. (The Block)