U.S. SEC’s crypto guidelines push up costs for lenders, disrupting projects

Written by on September 16, 2022

WASHINGTON, Sept 16 (Reuters) - Banks' cryptocurrency projects have been upended by U.S. Securities and Exchange Commission (SEC) accounting guidance that would make it too capital-intensive for lenders to hold crypto tokens on behalf of clients, according to more than half a dozen people with knowledge of the matter.

A slew of lenders including U.S. Bancorp



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