According to Foresight News, The Block reported that people familiar with the matter revealed that the U.S. Securities and Exchange Commission (SEC) will allow certain companies to circumvent the crypto asset accounting standard SAB 121. If a company sets up certain procedures and technologies to allow customers to redeem crypto assets like other assets such as the U.S. dollar in bankruptcy, they do not need to fulfill the obligations stipulated in the crypto asset accounting standard SAB 121. "As far as I know, the U.S. SEC may be about to reach an agreement on these modifications, which will ensure that well-regulated entities such as custodial banks can provide crypto custody services that comply with SAB 121."