SAB 122 Just Changed Everything for Crypto—But There’s a Catch 

For the past two years, crypto accounting firms, banks, and exchanges have struggled with SAB 121, the SEC rule that forced financial institutions to classify customer crypto as a liability. It made custody a regulatory nightmare. But now, SAB 122 has overturned this rule—bringing a massive shift to crypto regulation.

While banks and stablecoin issuers are celebrating, there’s a hidden downside that few are talking about. As a crypto CPA or financial professional, understanding these changes is critical. In this deep dive, we break down the risks, the opportunities, and why the industry must act fast.