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House lawmakers are poised to vote Wednesday on whether to overturn a Securities and Exchange Commission staff bulletin related to accounting in digital assets custody. Why it matters: SAB 121 has becoming something of a lightning rod, uniting crypto shops and major banks against the SEC. Catch up quick: The guidance memo — officially Staff Accounting ...
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An American cryptocurrency entrepreneur locked in a legal dispute with the CEO of the collapsed crypto fund HyperVerse has been detained in Dubai and alleges police have tortured him into signing a false confession, the Guardian can reveal. Edel Hsieh, 43, from California, was first arrested in March at Dubai’s airport while attempting to fly to London. ...