Government Accountability Office

Chair Gary Gensler's U.S. Securities and Exchange Commission may press on with its crypto accounting policy if Congress fails to block it.  (Jesse Hamilton/CoinDesk)
U.S. SEC's Knock From Congressional Watchdog May Not Budge Crypto Accounting Policy
Even if the agency is forced by the GAO finding to submit its Staff Accounting Bulletin 121 to Congress for review, lawmakers probably won't strangle the policy, according to...
Chair Gary Gensler's U.S. Securities and Exchange Commission may press on with its crypto accounting policy if Congress fails to block it.  (Jesse Hamilton/CoinDesk)

Chair Gary Gensler's U.S. Securities and Exchange Commission has insisted that its accounting policies for crypto didn't need to be treated as a formal rule, but the Government Accountability Office disagrees. (Jesse Hamilton/CoinDesk)
U.S. SEC Messed Up in Handling Contentious Crypto Accounting Bulletin: GAO
The Staff Accounting Bulletin 121 said customers' crypto assets in banks should be held on the banks' own balance sheets. That should have been a rule, not guidance, the GAO s...
Chair Gary Gensler's U.S. Securities and Exchange Commission has insisted that its accounting policies for crypto didn't need to be treated as a formal rule, but the Government Accountability Office disagrees. (Jesse Hamilton/CoinDesk)

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Federal Regulators Are Needed for Crypto Oversight: U.S. Accountability Office
Regulators lack an ongoing coordination mechanism for addressing blockchain risks in a timely manner, the report says
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US Senators Float Bill Requiring Congressional Watchdog to Study Crypto's Role in Trafficking
Top members of the Senate Banking Committee plan to introduce legislation that would direct the congressional watchdog to study virtual currency’s role in drug and human traff...
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US Government Watchdog: Regulations Are Hobbling DLT Innovation
The U.S. Government Accountability Office said cumbersome U.S. financial regulations are inhibiting innovation by distributed ledger tech startups.
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