What was SAB 121? The Staff Accounting Bulletin (SAB) 121 rule was introduced by the SEC in March 2022 as part of its efforts to regulate cryptocurrency custody.  It required financial institutions to list any crypto assets they held on behalf of customers as liabilities on their balance sheets. In essence, it handled these digital…

Ethereum co-founder Vitalik Buterin outlined a multi-pronged strategy to scale the Ethereum ecosystem by fostering growth in layer-2 (L2) solutions, advancing blob scaling and reinforcing Ether’s role as the ecosystem’s primary economic driver. In a blog post, Buterin suggested that Ether should be cemented “as the primary asset of the greater (L1 + L2) Ethereum economy,”…

Solana had a blistering seven days, buoyed by the TRUMP memecoin launch, US President Donald Trump’s inauguration, and ETF hype to reach a new all-time high of around $294, leading to a record stablecoin supply, and surge in total value locked. Solana stablecoin supply hits all-time highs Solana’s stablecoin supply has skyrocketed over the last seven…

With Ethereum co-founder Vitalik Buterin claiming sole ownership of the Ethereum Foundation and speculation surrounding the Trump family building “giant businesses” on Ethereum, the network has been a hot topic of discussion in the crypto community recently. In an exclusive interview with Cointelegraph, members of the Ethereum Foundation, Trust Wallet, Safe, Alchemy and Rhinestone discussed the new ERC-7779 token…

Ethereum co-founder Joe Lubin has supported calls for an overhaul of the Ethereum Foundation and says that Consensys is ready to step up and play a more active role. He told Cointelegraph that his for-profit company has hung back to avoid being accused of undue influence on the blockchain, but that recent events suggested “people…

US President Donald Trump has signed his first executive order potentially affecting crypto users and industry leaders, which many expected during his first days in office. In a televised address from the Oval Office on Jan. 23, Trump appeared with his “AI and crypto czar” David Sacks, who explained the executive order to the US president. According…